Robinhood, Hyperliquid, and Commodities Fraud: Inside the SDNY Insider Trading Complaints
SDNY charged two former Robinhood engineers with commodities fraud and wire fraud for trading Hyperliquid perpetual futures ahead of crypto listing announcements. Former DOJ Fraud Section prosecutors break down the charging theory, the Chastain property problem, the commodity and swap classification questions, and the attribution gaps in the affidavits.
DOJ Creates the National Fraud Enforcement Division: What It Means for Federal Procurement Fraud Defense
On April 7, 2026, Acting Attorney General Todd Blanche established the National Fraud Enforcement Division. Analysis of the new division, recent criminal procurement fraud cases, the statutes DOJ uses, and the key defenses available to individuals facing investigation or indictment.