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Shareholder Sues ASX Execs Over CHESS | Macon News
A shareholder named Rosherville is preparing to sue former ASX executives over the failed CHESS blockchain project, seeking court approval for a statutory derivative action that would let the company pursue legal claims on its behalf. The $1 billion initiative was paused in 2022 after an audit exposed critical design flaws, forcing ASX to abandon the blockchain plan and pivot to a new solution. While ASX denies wrongdoing by the company, it’s targeting specific former officers — and the legal battle could reshape how corporate accountability works in Australia’s financial markets. Listen in…
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