Robinhood Markets shares fell more than 5% to a two-week low, reaching $107.02 and declining 6.39% in one account, after federal prosecutors charged engineers Hefu Chai and Huaisong "Jerry" Xiang with commodities fraud and wire fraud. Prosecutors allege the employees used confidential information about Robinhood Crypto’s planned token listings to trade perpetual futures on Hyperliquid, earning more than $50,000 each before public announcements. The decline also occurred amid a broad US equity sell-off and possible profit-taking after a rally above $120; Robinhood said no major negative company announcement had previously explained the move. The stock was down 6.7% from the start of the year but remained about 177% above its 2021 public-market debut.