Every story we've covered involving sdny.
Federal prosecutors in the Southern District of New York charged two Robinhood engineers, Hefu Chai and Huaisong Xiang, with commodities and wire fraud for allegedly using confidential token-listing information to trade perpetual futures on Hyperliquid. Authorities say Chai traded ahead of at least 10 Robinhood listing announcements and Xiang ahead of at least 11, with each purportedly earning more than $50,000 between 2025 and 2026.
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