🚨 **Crypto News Flash** 🚨

- **ASIC vs. ASX Showdown:** The Australian Securities and Investments Commission (ASIC) is suing the Australian Securities Exchange (ASX) for allegedly misleading statements about its now-abandoned blockchain project.

- **Promises, Promises:** ASIC claims ASX falsely said its blockchain-based CHESS replacement was "on track" for April 2023, despite knowing it wasn't.

- **$170M Down the Drain:** After five years and $170 million, ASX ditched the project due to "significant challenges."

- **ASX Responds:** ASX CEO Helen Lofthouse says they're reviewing the allegations and cooperating fully.

Stay tuned for more blockchain drama! 🌐