US authorities have charged former Robinhood engineers over alleged cryptocurrency trading ahead of token listings on the platform, according to Cointelegraph. The former employees allegedly used Hyperliquid perpetuals to trade before Robinhood announced the relevant listings. The trades are alleged to have generated more than $50,000 in profit for each of the former engineers. The case links the allegations to Hyperliquid’s derivatives market and may be relevant to traders monitoring HYPE, the platform’s associated token. The supplied report does not provide further details about the charges, the tokens involved, or the timing of the alleged transactions. The allegations have not been established as facts in the information provided.
Source
Cointelegraph
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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