Regulation
Neutral
Robinhood Former Engineers Indicted for Trading on Digital Asset Listing Information
Two former Robinhood engineers have been indicted by U.S. prosecutors for allegedly trading perpetual futures on a decentralized exchange using non-public information about the company's upcoming digital asset listings.
The U.S. Department of Justice (DOJ) New York Southern District Attorney's office announced on Thursday (local time) that Hefu Chai, 36, and Huaisong Xiang, 30—formerly employed at Robinhood—were charged with commodities fraud and wire fraud. Xiang is also known as Jerry Xiang.
Korean Source
This article is an English localization of a Korean-language crypto news report. Original headline: 로빈후드 상장 정보로 무기한 선물 ‘선매수’…전 엔지니어 2명 미 검찰 기소