Singapore's MAS just threw shade at $HYPE 👀
MAS confirmed they have ZERO record of Hyperliquid being regulated in any major jurisdiction. Their perps? Not under MAS oversight.
Hyperliquid claims they're Singapore-based and "committed to engaging with regulators" - classic corporate speak when you're caught without a license.
This matters because:
- $HYPE has been pumping hard
- Perps are their core product
- No regulatory cover = potential crackdown risk
If you're holding $HYPE or trading on their platform, factor in regulatory uncertainty. We've seen this movie before with other exchanges.
NFA but maybe don't have your entire stack on an unregulated platform when MAS is asking questions publicly.
MAS confirmed they have ZERO record of Hyperliquid being regulated in any major jurisdiction. Their perps? Not under MAS oversight.
Hyperliquid claims they're Singapore-based and "committed to engaging with regulators" - classic corporate speak when you're caught without a license.
This matters because:
- $HYPE has been pumping hard
- Perps are their core product
- No regulatory cover = potential crackdown risk
If you're holding $HYPE or trading on their platform, factor in regulatory uncertainty. We've seen this movie before with other exchanges.
NFA but maybe don't have your entire stack on an unregulated platform when MAS is asking questions publicly.