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Hyperliquid Responds After Appearing on Singapore’s Investor Alert List


Hyperliquid Responds After Appearing on Singapore’s Investor Alert List

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The Monetary Authority of Singapore added perpetual futures platform Hyperliquid to its Investor Alert List, a register used to identify entities that may be mistakenly viewed as licensed or regulated by MAS. Hyperliquid said the listing is not an enforcement action or ban and does not imply wrongdoing, but the IAL placement could dent market trust, raise compliance concerns and impact adoption in the crypto, DeFi and derivatives space.

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Hyperliquid has been added to the Investor Alert List (IAL) maintained by the Monetary Authority of Singapore (MAS). The perpetual futures platform clarified that the listing does not represent a regulatory violation, enforcement action, or ban.

In a statement shared on X, Hyperliquid said that inclusion on the IAL should not be interpreted as evidence of wrongdoing while adding that the list is intended to identify entities that may be incorrectly viewed as being licensed, authorized, or regulated by MAS.

Read the article at CryptoPotato

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