Menlo Park resident and Robinhood engineer Hefu Chai was arrested Tuesday on commodities fraud and wire fraud charges, the U.S. Department of Justice announced. Chai, 36, and fellow engineer Huaisong “Jerry” Xiang, 30, are accused of using confidential information obtained through their work at Robinhood to trade cryptocurrency-linked futures contracts on Hyperliquid. From March 2025 […]
