Singapore Warns Investors About Hyperliquid, Indonesia Tightens Crypto Advice Rules

Hyperliquid has been added to Singapore's Investor Alert List by the Monetary Authority of Singapore (MAS), but it's not a ban or sanction. The platform was included in the list, which serves as a warning for investors, alongside other crypto platforms such as Bybit, KuCoin, and Bitget. Hyperliquid stated that they have never claimed to have an MAS license and their infrastructure remains decentralized.

The addition of Hyperliquid to the list comes as Indonesia is tightening control over financial advice online. The Financial Services Authority Regulation No. 6 of 2026 requires social media recommendations for cryptocurrencies to be made by individuals with verified qualifications. This new rule affects those who discuss digital assets but do not operate under other licensing rules.

Bithumb, a South Korean crypto exchange, was fined $136,000 for violating personal data handling regulations. The investigation found that the platform transferred user data to foreign exchanges without client consent.