The founder of Archegos Capital is now pursuing a presidential pardon following his conviction in what became one of Wall Street's most infamous fraud cases. The collapse of his $36 billion family office sent shockwaves through the financial system—several major banks suffered significant losses, and the ripple effects even contributed to the downfall of Credit Suisse, marking one of the most dramatic episodes in recent financial history. The case underscores how concentrated leverage and risk management failures in the crypto-adjacent trading world can trigger systemic instability across traditional finance.