Hyperliquid has been added to Singapore's Investor Alert List, clarifying that this does not imply a ban on its operations.
The Monetary Authority of Singapore (MAS) has added the decentralized exchange Hyperliquid to its Investor Alert List as of June 26. This list serves to inform the public about services that could be mistakenly viewed as licensed.
Also included on the list is the website of the Hyper Foundation.
Hyperliquid representatives clarified that this listing does not equate to a prohibition on their operations or any enforcement actions by MAS. They emphasized that the Investor Alert List is not an indication of wrongdoing.
“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 exchange stated on social media.
The team behind Hyperliquid reassured users that their platform operates transparently, similar to other open-access blockchains, where users maintain control of their assets. They pointed out that the MAS's list includes several well-known exchanges and decentralized finance (DeFi) protocols, and highlighted that Hyperliquid has never claimed to be licensed by the authority.
This summer, other centralized exchanges such as KuCoin and Bitget have also been listed by the MAS. It is worth noting that in June 2025, the MAS required crypto firms to obtain a license as digital token service providers, or they would need to stop servicing clients outside Singapore.
