ChainCatcher news, according to Cointelegraph, the Australian Securities and Investments Commission (ASIC) has sued the Australian Securities Exchange (ASX) in the Federal Court.

ASIC accused ASX of making misleading statements, claiming that its project to replace the Clearing House Electronic Sub-Registration System (CHESS) trading platform with blockchain technology was "on schedule" in April 2023 and "progressing smoothly", but in fact the project did not proceed as planned or reach its phased goals at the time. After experiencing major delays and budget overruns, ASX eventually abandoned the project in November 2022.