Overview
- The Monetary Authority of Singapore placed Hyperliquid on its Investor Alert List on Friday, June 26, naming the Layer‑1 trading protocol as not licensed or authorised to operate in Singapore.
- MAS’s listing is a public advisory and does not ban the platform or represent an enforcement action or finding of wrongdoing.
- Hyperliquid said it never claimed MAS authorisation, that it operates as permissionless on‑chain infrastructure, and that users retain full self‑custody of assets.
- Being on the Investor Alert List means MAS oversight for custody, dispute resolution, capital and anti‑money‑laundering rules does not apply to Singapore users of Hyperliquid, which raises consumer risk and has prompted talk of the team considering relocation though no move has been announced.
- The June 26 entry follows Bybit’s June 17 addition and fits a long‑standing MAS practice, first launched in 2004, of publicly flagging unlicensed providers so consumers can tell the difference between regulated and unregulated services.