Hwang was sentenced by US district judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on 10 criminal charges including wire fraud, securities fraud and market manipulation.
Prosecutors accused Hwang of lying to banks about Archegos's portfolio so he could borrow money aggressively and make concentrated bets on media and technology stocks.
It stands among a rare class of cases that truly could be described as a national calamity, prosecutor Andrew Thomas said at the sentencing hearing.
Hwang's lawyers' request for no punishment also cited Hwang's Christian faith and his non-profit Grace and Mercy Foundation, which has since 2006 donated at least $600m.
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