Two Robinhood HOOD$110.13·Market Closed engineers allegedly stole confidential information from their employer to trade perpetual futures on Hyperliquid for personal benefit, according to Jamie McDonald, U.S. Attorney for the Southern District of New York. “Misappropriating confidential information to trade in the derivatives markets for personal benefit is illegal,” McDonald said in a statement on Tuesday. “That is exactly what we allege Hefu Chai and Huaisong Xiang have done.”