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US DOJ charges two Robinhood engineers with front-running crypto listings on Hyperliquid, allegedly profiting over $50,000 each
The U.S. Department of Justice has charged Hefu Chai and Huaisong Xiang with commodities fraud and wire fraud. Prosecutors allege the two misappropriated confidential information about upcoming cryptocurrency listings on Robinhood Crypto, using it to trade perpetual futures on Hyperliquid between 2025 and 2026. Each engineer allegedly profited more than $50,000. The charges include one count under the Commodity Exchange Act (maximum 10 years prison) and one count of wire fraud (maximum 20 years prison).
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Source：The Block · Source Link
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