TL;DR:
- Hyperliquid was added to the Investor Alert List of the Monetary Authority of Singapore, which identifies unregulated entities in its jurisdiction.
- The platform clarified that it never claimed to be authorized by MAS and that its permissionless infrastructure has not undergone any changes.
- The HYPE token showed no significant movement and trades around $62, after reaching highs of $75 in mid-June.
The Monetary Authority of Singapore (MAS) added Hyperliquid to its Investor Alert List (IAL), the investor alert list maintained by the city-state’s financial regulator.
The inclusion covers both the website of the Hyper Foundation and the DEX trading application. The measure itself does not constitute a ban or an enforcement action, but rather a consumer protection mechanism aimed at identifying entities that could be mistakenly perceived as licensed or regulated by MAS.
Hyperliquid has been added to the MAS's Investor Alert List (IAL). IAL listing does not constitute a ban, an enforcement action, or a finding of wrongdoing. The IAL provides a list of entities that, based on information available to MAS, may be wrongly perceived as being licensed…
— Hyperliquid (@HyperliquidX) June 26, 2026
Hyperliquid Responds With Force
The perpetual futures platform responded through its account on X, making clear that it never claimed to be authorized by MAS and that its permissionless infrastructure has not undergone any modifications. “The Hyperliquid ecosystem remains committed to engaging collaboratively and constructively with regulators and institutions globally, and to supporting clear and well-designed frameworks for onchain finance“, the platform stated in its release.
Hyperliquid also stressed that users retain self-custody of their assets and that all transactions on the network are transparent and settle entirely on-chain. According to CoinGecko data, the platform ranks ninth among decentralized exchanges by trading volume, while DefiLlama estimates it holds around $5.7 billion in total value locked.
Singapore Tightens Its Grip on the Crypto Industry
Hyperliquid’s addition to the list is part of a progressive tightening of regulatory oversight in Singapore. In June, MAS had already added Bybit to the same list; KuCoin and Bitget also appear on it. In May 2025, the regulator had ordered crypto companies based in the country that serve clients abroad to obtain licenses or cease operations, closing a regulatory loophole that had allowed several firms to operate without formal authorization. MAS argued that this stance had been communicated since 2022 and that the transition period was coming to an end.
The platform’s native token, HYPE, showed no significant reaction to the announcement. It trades around $62 over the past 24 hours, below the highs of $75 reached in mid-June, before pulling back amid broader market volatility.
