Two Robinhood Employees Charged in US Fraud Case
US prosecutors in the Southern District of New York and the FBI announced the unsealing of complaints charging HEFU CHAI and HUAISONG XIANG, also known as Jerry Xiang, with commodities fraud and wire fraud. The case was announced by US Attorney Jamie McDonald and Assistant Director in Charge James C. According to the complaints, the alleged scheme involved misappropriating confidential business information from their employer, Robinhood Markets, Inc. Prosecutors say the information was then used to trade perpetual futures on Hyperliquid, described in the filing as a decentralized derivatives exchange. The source identifies both defendants as Robinhood employees and states... [Continue Reading]
Breaking-360LiveNews | 15 Sep 2026 19:02 LONDON
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U.S. Seeks Forfeiture of $61 Million in Crypto Linked to Iranian Oil Sales
Deputy United States Attorney for the Southern District of New York Sean S. Buckley and FBI Assistant Director in Charge of the New York Field Office James C. Barnacle, Jr. announced the filing of a civil forfeiture complaint against approximately $61 million in cryptocurrency. The case targets funds identified as the proceeds of black-market sales of sanctioned Iranian crude oil and petroleum products. According to the filing, the oil sales were intended to finance the Government of Iran and Iranian military components. The complaint specifically names Iran's Islamic Revolutionary Guard Corps, or IRGC, as one of the recipients of the... [Continue Reading]
Breaking-360LiveNews | 15 Sep 2026 13:02 LONDON
