--- title: "Failed blockchain project ends with big fine for fibs about it being on track" url: https://daily.dev/posts/failed-blockchain-project-ends-with-big-fine-for-fibs-about-it-being-on-track-nsucyqln7 source_url: https://www.theregister.com/software/2026/07/03/failed-blockchain-project-ends-with-big-fine-for-fibs-about-it-being-on-track/5266297 type: article source: "The Register" published: 2026-08-06T10:37:20.135Z updated: 2026-08-06T10:41:02.768Z tags: ["blockchain", "project-management"] reading_time: 3 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Failed blockchain project ends with big fine for fibs about it being on track **[The Register](https://daily.dev/sources/theregister)** · 3 min read · 0 upvotes · 0 comments ## Summary Australia's Securities Exchange faced a major fine after misrepresenting the status of a failed blockchain project. The exchange had claimed the distributed ledger initiative was on track when it was not, resulting in regulatory penalties. The story marks the final chapter of the ASX's ill-fated attempt to run a stock exchange on blockchain technology. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Why Most Blockchain Projects Fail After Launch \(Not During Development\)](https://daily.dev/posts/why-most-blockchain-projects-fail-after-launch-not-during-development--yugg95pzl) · Coins Bench · 1 upvotes · 0 comments - [SEC Files Charges Over $14 Million Crypto Scam Using Fake AI-Themed Investment Tips](https://daily.dev/posts/sec-files-charges-over-14-million-crypto-scam-using-fake-ai-themed-investment-tips-m5ou6tejz) · The Hacker News · 0 upvotes · 0 comments --- Tags: [#blockchain](https://daily.dev/tags/blockchain), [#project-management](https://daily.dev/tags/project-management) [View this post on daily.dev](https://daily.dev/posts/failed-blockchain-project-ends-with-big-fine-for-fibs-about-it-being-on-track-nsucyqln7)