Two Robinhood engineers charged with insider trading using Hyperliquid perpetuals
U.S. prosecutors allege two engineers used confidential Robinhood token listing data to front-run announcements using Hyperliquid perpetual futures.
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摘要
- Federal prosecutors charged Robinhood engineers Hefu Chai and Huaisong Xiang with commodities and wire fraud, alleging they used confidential information about planned crypto listings to trade perpetual futures on Hyperliquid.
- Prosecutors said Chai traded before at least 10 listing announcements and Xiang before at least 11, with each earning more than $50,000 between 2025 and 2026.
- The charges show that trading derivatives on decentralized platforms remains subject to federal fraud laws, and each defendant could face up to 10 years in prison if convicted.
