Two Robinhood Engineers Charged With Insider Trading Using Hyperliquid Perpetuals

The US Department of Justice charged two Robinhood engineers with insider trading, alleging they opened perpetual futures positions on Hyperliquid ahead of token listings on their own platform, per CoinDesk. The pair face up to 30 years in prison over approximately $50,000 in alleged profits, per coverage. Outlets framed the case as the first federal prosecution centred on front-running via on-chain perpetuals.