Two engineers allegedly turned confidential Robinhood crypto listing plans into profitable Hyperliquid trades, according to newly unsealed complaints.

Two Robinhood engineers have been charged in the US over an alleged crypto trading scheme involving confidential company information.

The US Department of Justice said Hefu Chai and Huaisong Xiang allegedly used non-public information from Robinhood to trade crypto perpetual futures on Hyperliquid.

Trading on Confidential Data

According to complaints unsealed by the Southern District of New York, Chai and Xiang had access to information about upcoming cryptocurrency listings on Robinhood Crypto. Prosecutors allege that they…