Policy
DOJ Says Two Robinhood Engineers Used Perpetual Futures to Trade Ahead of Its Crypto Listings
Unchained·September 15, 2026·1 min read
Two Robinhood engineers, Hefu Chai and Huaisong Xiang, allegedly bought perpetual futures on Hyperliquid before Robinhood announced token listings. Prosecutors say each cleared over $50,000 in profits. The DOJ alleges they traded ahead of public announcements, using the exchange's listing news for insider trading.
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