Hyperliquid Responds After Being Added to Singapore MAS Investor Alert List

Hyperliquid made headlines today after being added to Singapore’s Investor Alert List (IAL).

For context, the IAL is a public disclosure tool used by the Monetary Authority of Singapore (MAS) to identify entities that could be mistakenly accepted by the public as being licensed or authorized by the MAS. Already, crypto-based platforms like Bybit and KuCoin are on the list.

The Hyperliquid team has responded, clarifying that the listing does not affect its operations or change how its network functions. It explained that being listed on the IAL is not the same as being banned or facing regulatory action.

Hyperliquid Clarifies MAS Licence Status

The team behind the decentralized exchange emphasized that Hyperliquid has never claimed to hold a licence from MAS or suggested that it operates under the regulator’s supervision. With its huge presence in the market, the platform said users should not assume that it is licensed in Singapore.

As part of the response, the platform also disclosed several prominent crypto exchanges and decentralized finance (DeFi) protocols that have previously appeared on the IAL. As such, being part of the list should not be a misinterpretation of misconduct, according to Hyperliquid.

“The IAL provides a list of entities that, based on information available to MAS, may be wrongly perceived as being licensed or in any other way authorised or regulated by MAS. Many large exchanges and defi protocols have been included on the IAL,” Hyperliquid wrote.

Additionally, the trading platform reassured users that its infrastructure remains unaffected. Due to its permissionless blockchain network, Hyperliquid allows users to maintain full control of their crypto assets through self-custody instead of depending on a centralised intermediary.

HYPE Price Movement

Overall, it provides users with visibility into network activity as all transactions continue to be recorded transparently and settled fully on-chain. The Hyperliquid team further said that despite the recent MAS listing, the platform’s major features remain unaffected.

As the MAS listing spreads through social media and crypto space, Hyperliquid noted that it remains committed to collaborating with regulators and institutions, supporting a clear framework for onchain finance.  

Following the update, HYPE has not experienced any notable price change. According to data from CoinGecko, the crypto asset trades at $61.82, down 1.8% over the last 24 hours and 8% in the last few days. This price change is unalarming, given the ongoing broader crypto market drawback.

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