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Post #7326
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⚠️ JUST IN: Two Robinhood engineers charged for insider trading crypto on Hyperliquid
Hefu Chai and Jerry Xiang, engineers at Robinhood, used their access to confidential listing decisions to buy perpetual futures on Hyperliquid before Robinhood publicly announced new crypto listings. Every time a token was about to be listed, they'd already be positioned. Each made $50K+ before getting caught.
Charged today with commodities fraud and wire fraud. Up to 30 years combined. Robinhood cooperated with the FBI investigation.
Hefu Chai and Jerry Xiang, engineers at Robinhood, used their access to confidential listing decisions to buy perpetual futures on Hyperliquid before Robinhood publicly announced new crypto listings. Every time a token was about to be listed, they'd already be positioned. Each made $50K+ before getting caught.
Charged today with commodities fraud and wire fraud. Up to 30 years combined. Robinhood cooperated with the FBI investigation.
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