Robinhood is trading 4.04% down now at $105.99 after U.S. prosecutors charged two former engineers with commodities and wire fraud.
- Allegations involve using confidential information about upcoming Robinhood Crypto listings to trade perpetual futures on Hyperliquid.
- Each allegedly earned more than $50,000.
- The company-specific legal overhang appears to outweigh modest cryptocurrency weakness and generally firmer technology markets.