# Robinhood engineers face up to 30 years over alleged Hyperliquid insider trading

https://mins.news/en/item/61418

- CryptoSlate, 2026-09-16 17:40 UTC
- Economy
- Original: https://cryptoslate.com/robinhood-engineers-face-up-to-30-years-over-50000-alleged-hyperliquid-profits/

> Federal prosecutors charged Robinhood engineers Hefu Chai and Huaisong “Jerry” Xiang with allegedly using confidential token-listing information to trade perpetual futures on Hyperliquid. Prosecutors say each earned more than $50,000. They face commodities-fraud and wire-fraud counts carrying statutory maximums of 10 and 20 years.

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- [Two Robinhood engineers charged with insider trading using Hyperliquid perpetuals](https://mins.news/en/item/60672) — CoinDesk, 2026-09-16
- [DOJ charges Robinhood engineers with front-running crypto listings on Hyperliquid](https://mins.news/en/item/59720) — The Block, 2026-09-15