Hyperliquid confirms its headquarters is in Singapore, and MAS says it is not within regulatory jurisdiction

The Monetary Authority of Singapore (MAS) stated that Hyperliquid Labs 'decentralized nature prevents it from being within the agency's regulatory jurisdiction and that MAS was not aware that the platform had received regulatory clearance in any major jurisdiction. Hyperliquid Labs responded by stating that its current operating status is unregulated, has never applied to MAS or obtained relevant qualifications, and expressed its willingness to cooperate with regulators. According to Financial Times, a team of about 11 people led by co-founder Jeff Yan has moved to Singapore in 2024, and the company's registered headquarters is also located in that country. Relevant documents and recent recruitment information all prove that it has a physical office in Singapore.