Hyperliquid responds to MAS warning list as Singapore strengthens oversight of unlicensed crypto platforms
Alyssa Davidson
Posted: Jun 26, 2026 9:12 AM Updated: Jun 26, 2026 9:12 AM
Edit and fact check date: June 26, 2026, 9:12 AM
briefly
Hyperliquid said its inclusion on Singapore’s MAS Investor Alert List has no impact on its operations and does not imply regulatory enforcement or misconduct.
After being added to the Monetary Authority of Singapore’s (MAS) Investor Alert List (IAL), decentralized exchange Hyperliquid issued an opinion stating that the designation does not constitute a ban, regulatory enforcement action or finding of misconduct.
According to Hyperliquid, the Investor Alert List is intended to identify entities that may be mistakenly perceived as licensed, approved or regulated by MAS based on publicly available information. The platform noted that several major cryptocurrency exchanges and DeFi protocols are also included in the list.
The company emphasized that it operates on a permissionless blockchain infrastructure and has never represented that it is licensed or regulated by MAS. The platform will continue to operate without changes, with users retaining self-custodianship over their assets and transactions being processed transparently on-chain, he added.
Hyperliquid also stated that it is committed to working with regulators and financial institutions around the world and supports the development of a clear regulatory framework for blockchain-based financial services.
MAS clarifies regulatory status of unlicensed cryptocurrency platforms
This response follows a decision taken by MAS on 26 June. The decision confirmed that the platform is not licensed or authorized to provide regulated financial services in Singapore. This list serves as a public advisory to inform consumers about entities that are not regulated by MAS but may be perceived as operating under the supervision of MAS.
Established in 2004, the Investor Alert List is designed to help Singapore residents identify financial services providers that have not obtained the necessary regulatory approvals to operate in the country. Inclusion on the list does not mean that a business has engaged in fraudulent activity or broken any laws. Instead, it is a sign that the platform is outside Singapore’s regulatory framework, which includes licensing requirements, anti-money laundering obligations, capital standards and consumer protection measures.
MAS recently expanded its investor warning list to include other cryptocurrency platforms operating without local approval. Among them is Bybit Fintech Ltd., which was added as part of the regulator’s efforts to strengthen oversight of digital asset service providers targeting Singapore-based users.
After being included in the list, Bybit said it was seeking clarification from MAS. The company also said it had previously implemented measures, including contractual restrictions and IP-based access controls, to limit access to the platform for users in Singapore.
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About the author
As a dedicated journalist at MPost, Alisa specializes in the broad areas of cryptocurrency, AI, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
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As a dedicated journalist at MPost, Alisa specializes in the broad areas of cryptocurrency, AI, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
more articles