POPA ReconDOJ Charges Robinhood Engineers Over Alleged Crypto Listing Front-Running
DOJ Charges Robinhood Engineers Over Alleged Crypto Listing Front-Running The U.S. Department of Justice has charged two Robinhood engineers with commodities fraud and wire fraud, alleging they misappropriated confidential information about upcoming crypto listings on Robinhood Crypto and used it to trade perpetual futures on Hyperliquid. Prosecutors allege the two repeatedly opened positions ahead of Robinhood's public listing announcements between 2025 and 2026, with each making more than $50,000 in alleged profits. According to the DOJ, Hefu Chai and Huaisong Xiang used advance knowledg…
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