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Morning Edition · Wednesday, September 16, 2026Published at 1:44 AM EDT · New York
US Prosecutors Charge Two Robinhood Engineers Over Perpetual Futures Trades on Hyperliquid
The Department of Justice says the pair traded ahead of Robinhood Crypto listing announcements between 2025 and 2026, each allegedly profiting more than $50,000.
Federal prosecutors charged two Robinhood engineers, Hefu Chai and Huaisong Xiang, with commodities fraud and wire fraud. The Department of Justice (DOJ) alleges they used confidential information about which tokens Robinhood Crypto planned…
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