MAS adds Hyperliquid to Singapore investor alert list

The Monetary Authority of Singapore (MAS) has added the decentralized exchange Hyperliquid to its Investor Alert List, a public register that flags entities not licensed or authorized by the regulator. The addition, confirmed on June 26, 2026, places Hyperliquid alongside other major crypto platforms like Binance and Bybit on the list, which serves as a consumer warning rather than a ban.

MAS stated the listing covers the Hyper Foundation website and the Hyperliquid trading app, aiming to prevent public misunderstanding about the platform's regulatory status. The authority clarified that inclusion on the list is not an enforcement action, a finding of wrongdoing, or a prohibition on access. However, it means Singapore-based users trading on listed platforms do so without the investor protections afforded by MAS.

In response, Hyperliquid emphasized it has never claimed to hold a MAS license and that nothing about its permissionless infrastructure has changed. The exchange, which operates on a Layer-1 blockchain built for perpetual futures and spot trading, stated that traders retain self-custody of their funds. The platform is incorporated in the Cayman Islands and is run by a...