The Monetary Authority of Singapore has officially added the decentralized perpetual exchange Hyperliquid to its Investor Alert List. The update, which appeared on the registry on June 26, 2026, serves as a public notice that the platform, including the Hyper Foundation website and its trading application, is neither licensed nor authorized to provide financial services within the country.
The Investor Alert List acts as a consumer protection tool that has been in operation since 2004. It identifies entities that might be mistaken for regulated institutions. Importantly, inclusion on this list is a formal warning rather than an enforcement action or an outright ban. It notifies Singapore residents that the entity has not passed local checks on capital, anti-money laundering protocols, or consumer safeguards. If a user encounters an issue on such a platform, MAS-mandated protections do not apply, leaving them with no local regulatory authority to mediate disputes or recover losses.
Hyperliquid responded to the listing by clarifying that it is not a finding of wrongdoing or a stop-service order. The team stated that the platform has never claimed to be licensed or authorized by the Monetary Authority of Singapore. They also confirmed that their decentralized infrastructure remains fully operational and that trading continues as normal.
This move is part of a broader regulatory trend in Singapore as the authority increases its oversight of offshore platforms. Hyperliquid joins an expanding list of major exchanges flagged by the regulator, including Bybit, which was added just nine days earlier on June 17, 2026. Other platforms such as KuCoin, Bitget, and Binance also appear on the registry. While the listing does not technically restrict user access to these sites, it functions as a clear signal that the entity lacks local oversight.
Market sentiment for the protocol’s native token, HYPE, has fluctuated during this period. As of June 27, 2026, the token was trading at $63.86, marking a nearly 10 percent decline over the previous seven-day period. This follows a record high of $76.76 set earlier in June. Despite the price correction, the token maintains a significant presence in the market with a valuation of $21.3 billion.
