Hyperliquid Added to Singapore's Investor Alert List Amid Regulatory Scrutiny

Hyperliquid, a cryptocurrency perpetuals exchange and Layer-1 blockchain, has been added to Singapore's Monetary Authority of Singapore (MAS) Investor Alert List. The team behind Hyperliquid clarified that this listing does not constitute a ban or enforcement action, nor is it a finding of wrongdoing.

In a statement on Telegram, the team emphasized that they have never presented themselves as approved by MAS. They also noted that many large exchanges and DeFi protocols have appeared on the list in the past.

The Investor Alert List is used to flag entities that may be wrongly perceived as being licensed or regulated in Singapore. The reason for Hyperliquid's addition to the list remains unclear at this time.

Despite this development, Hyperliquid continues to attract attention from crypto funds. Multicoin Capital, a cryptocurrency investment firm, has pointed out that regulation is one of the key risks associated with investing in Hyperliquid. The firm noted that Hyperliquid generated approximately $873 million in revenue across roughly $2.9 trillion in trading volume in 2025.

Regulatory pressures on Hyperliquid are also being felt outside of Singapore. The CME Group and Intercontinental Exchange, operators of regulated exchanges, are reportedly pressuring legislators and regulators about the emerging problems surrounding Hyperliquid's rapidly growing perpetual futures markets.