US DOJ Indicts Two Robinhood Engineers for Insider Trading on Token Listings

Two former Robinhood engineers have been indicted by the U.S. Department of Justice for alleged insider trading involving cryptocurrency tokens. According to prosecutors, the individuals accessed non-public information regarding Robinhood's upcoming token listings and used it to establish pre-emptive perpetual futures positions on decentralized derivatives exchange Hyperliquid, securing illicit gains.