Every story we've covered involving wire-fraud.
Federal prosecutors have charged two former Robinhood engineers, Hefu Chai and Huaisong “Jerry” Xiang, with one count each of commodities fraud and wire fraud for allegedly trading on nonpublic information about upcoming crypto token listings. Authorities say the pair used confidential details to trade perpetual futures on the decentralized platform Hyperliquid, each earning more than $50,000 between 2025 and 2026.
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