🚀 Breaking DeFi News! 🚀

Australia's largest exchange, ASX, is in hot water! ASIC is suing them for misleading statements about their now-cancelled blockchain project. 😬

1. ASX claimed their blockchain system was "on track" for 2023. Spoiler: It wasn't. 🚂💥

2. Project scrapped in Nov 2022 after burning through A$250M! Ouch! 💸

3. ASIC says this is a "collective failure" by ASX's top brass.

Optimism alert: DeFi and Web 3 are still the future! 🌐✨

What do you think? Comment below! 👇 #DeFi #Web3 #Blockchain #ASX #CryptoNews