On the 15th, the U.S. Department of Justice announced the indictment of two former engineers from the major investment app Robinhood on charges of commodities fraud and wire fraud. They are accused of illicitly using confidential information obtained through their work to gain profits on the decentralized exchange HyperLiquid.
The individuals charged are Hef Chai and Hoaisson Shang. According to the indictment, the two, as former employees, allegedly exploited insider information from Robinhood's cryptocurrency trading platform...