Huaisong Xiang
Last changed 2026-10-27 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -73 |
| Problems around it, caused by others | -0.8 |
| Long-running | +4 |
| Sum | -5 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-10-27 · 7 of 11 claims confirmed · 3 need better sources · 1 disputed
anchored·5oiDsi…6x3HSummary
Huaisong 'Jerry' Xiang, age 30, of Jersey City, New Jersey, is a former Robinhood Crypto software engineer charged on September 15, 2026 by the U.S. Attorney's Office for the Southern District of New York with one count of commodities fraud and one count of wire fraud. Prosecutors allege he misappropriated confidential token-listing information from a restricted internal Slack channel and used it to trade perpetual futures on Hyperliquid, a decentralized derivatives exchange, ahead of at least 11 public listing announcements between March 2025 and February 2026, allegedly profiting more than $50,000. Xiang has been charged but not convicted; the case is pending as of the investigation date.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(6 events)
1 January 2024
Huaisong Xiang joins Robinhood Crypto as a software engineer (approximate date; precise start date not publicly reported). He is designated a 'Coin Aware Individual' with access to a restricted Slack channel for token listing operations.
Blockonomi1 March 2025
Prosecutors allege Xiang's first front-running trade, involving Popcat (POPCAT) perpetual futures on Hyperliquid, occurs in March 2025, ahead of a Robinhood listing announcement.
DOJ SDNY / multiple news outlets1 March 2025
Alleged scheme period begins. Prosecutors allege both Xiang and co-defendant Hefu Chai repeatedly purchased Hyperliquid perpetual futures ahead of Robinhood token listing announcements from March 2025 onward.
DOJ SDNY Press Release28 February 2026
Alleged scheme period ends, according to prosecutors, in approximately February 2026.
Almanac News / DOJ reporting15 September 2026
U.S. Attorney's Office for the Southern District of New York unseals charges against Huaisong Xiang and co-defendant Hefu Chai. Each faces one count of commodities fraud and one count of wire fraud.
DOJ SDNY Press Release16 September 2026
Xiang scheduled to appear before United States Magistrate Judge Ona T. Wang in Manhattan for initial proceedings. Multiple news outlets report on the arrests and arraignment.
Disruption Banking / Crypto TimesDecision Log
- slot 462054119 · hash JCAWdEx9AdrvFFMs8L4egHZSfvjHhfU8M4DCDXaEjdZs
- slot 462054114 · hash Cfq58mDePjkRBAFKsNvkApSEVHwr7eQg4TWV87mCxW2g
- slot 455359739 · hash HNUf5neY18ExW7HkfyW7f928QSu6KYFiBmJ6cwcwCCYw
- slot 449767293 · hash 8m2sfJnwH9Ms56zkg8ctg7EhhZ3temu2HY89SyViGNmS
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 9 of 9 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/23/2026, 5:06:33 PM
last updated: 10/27/2026, 11:29:40 AM
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