UK FCA flags Hyperliquid, Hyper Foundation for potential unlicensed activity

The UK's Financial Conduct Authority (FCA) has flagged Hyperliquid (HPYE) and the Hyper Foundation as firms of concern for potentially offering unlicensed financial services, Decrypt reported. The FCA stated that Hyperliquid, the Hyper Foundation, their protocol applications, and related social media channels may be providing or promoting financial products or services in the UK without authorization. Consequently, the FCA has advised investors to avoid transacting with the platforms.