---
title: "Shareholders set to sue ex-directors of ASX over failed blockchain project amidst governance concerns on misleading the market."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295729340.md"
description: "The ASX's unsuccessful attempt to revamp its CHESS system using blockchain technology is now under increased scrutiny regarding its governance. The exchange disclosed that it had provided misleading information to the market."
datetime: "2026-08-13T01:11:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295729340.md)
  - [en](https://longbridge.com/en/news/295729340.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295729340.md)
generator: "portal-rs"
---

# Shareholders set to sue ex-directors of ASX over failed blockchain project amidst governance concerns on misleading the market.

The ASX's unsuccessful attempt to revamp its CHESS system using blockchain technology is now under increased scrutiny regarding its governance. The exchange disclosed that it had provided misleading information to the market.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**