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CME and ICE call for US probe into Hyperliquid over market manipulation and sanctions risks

Market News
15 May 2026
Crypto news
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Bearish
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CME Group and ICE have urged US regulators, including the CFTC and Congress, to investigate Hyperliquid for potential market manipulation and sanctions evasion risks. Hyperliquid’s anonymous, 24/7 perpetual futures trading, especially in commodities like oil, could distort global benchmarks and allow insider coordination or sanctions evasion by state-linked actors. The platform, valued at $10.3 billion, competes directly with regulated exchanges but currently lacks similar oversight. Hyperliquid has engaged regulators through its Policy Center, seeking a tailored regulatory framework for on-chain derivatives, but no formal action has been announced yet.

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