Singapore distances itself from Hyperliquid amid 'most dangerous product in crypto' criticism
- —Singapore is distancing itself from Hyperliquid Labs, a local developer of perpetual futures
- —Hyperliquid's product has been called 'the most dangerous in crypto'
- —The city-state is wary of reputational risks and scandals
Why it matters: Pressure on Hyperliquid could heighten regulatory risks for DEX derivatives and the broader perpetual futures ecosystem.
Source: Financial Times Crypto