Overview

• ASIC claims ASX's February 2022 statements about the project's progress were deceptive.
• The blockchain project aimed to modernize ASX's 25-year-old clearing system but was shelved in November 2022.
• An independent audit by Accenture identified significant issues with the project's design.
• ASX faces potential fines and has already written off approximately $170 million in pre-tax losses.
• Calls for ASX leadership resignations have emerged amid the legal proceedings.