MAS Adds Hyperliquid to Investor Alert List Over Perceived Risks

The Monetary Authority of Singapore (MAS) has added Hyperliquid to its Investor Alert List, citing risks associated with the platform. This move does not constitute a ban or enforcement action but rather a consumer protection measure aimed at identifying entities that may be mistakenly perceived as licensed or regulated by MAS.

Hyperliquid responded stating it never claimed to be authorized by MAS and that its permissionless infrastructure has not undergone any changes. The platform emphasized its commitment to engaging with regulators and supporting clear frameworks for on-chain finance.

The addition of Hyperliquid to the list is part of a tightening of regulatory oversight in Singapore. In June, MAS added Bybit to the same list, while KuCoin and Bitget also appear on it. The regulator had previously ordered crypto companies serving clients abroad to obtain licenses or cease operations, closing a regulatory loophole.