U.S. prosecutors allege two engineers used confidential Robinhood token listing data to front-run announcements using Hyperliquid perpetual futures. 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…
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