On December 10, 2025, Hyperion DeFi, Inc. (HYPD) disclosed significant regulatory and financial risks in an SEC Form 8-K filing. The filing revealed the company faces potential delisting from securities exchanges and bankruptcy proceedings due to instability in its HYPE token treasury strategy, according to the document.

The filing identified two specific risk categories: a delisting notice from the SEC and going concern warnings related to potential bankruptcy. These regulatory concerns stem from the company's dependence on HYPE tokens, which represent a substantial portion of its treasury assets, according to the disclosed risk factors.

Hyperion DeFi's risk exposure includes 238 million HYPE tokens held by Hyperliquid core contributors that began unlocking on November 29, 2025. The filing states HYPE tokens are subject to extreme price volatility and face direct competition from other smart contract platforms, creating additional financial instability.

The company's $10.5 billion market capitalization, tracked as of December 1, 2025, is threatened by multiple risk factors outlined in the filing. These include technological obsolescence, network outages, regulatory actions, and the emergence of central bank digital currencies that could diminish HYPE's market position.