UK FCA Flags Hyperliquid and Hyper Foundation as Unauthorized in May 21 Notice

The UK Financial Conduct Authority (FCA) listed Hyperliquid and Hyper Foundation as unauthorized in a May 21 notice, saying the platform may be offering or promoting financial services in the UK without permission. According to NS3.AI, Hyperliquid had reportedly generated $255 million in year-to-date revenue by May 20, while the HYPE token had surged 101% over the same period. The FCA notice indicates the entities are not authorized to provide financial services in the UK.