DOJ Charges Two Former Robinhood Engineers With Fraud Over Crypto Listing Trades
The US Department of Justice has charged two former Robinhood engineers with fraud, accusing them of trading Hyperliquid perpetual futures ahead of the company’s public crypto listing announcements, according to The Block.
Prosecutors allege the pair took positions in tokens before Robinhood revealed it would list them, profiting from advance knowledge of the announcements, The Block reported. Each of the two allegedly earned more than Two employees allegedly earned more than $50,000 each by trading Hyperliquid perpetual futures before Robinhood announced new token listings.
through the trades, according to Decrypt and Cointelegraph.
The Block reported that the alleged trading took place between 2025 and 2026. The charges center on the use of Hyperliquid’s perpetual futures market as the vehicle for the trades, according to all three outlets.
Sources: Decrypt, The Block, Cointelegraph
This article is for information only and is not financial advice.
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