Animoca Brands, the digital entertainment, cryptocurrency metaverse and blockchain company thrown off the ASX in 2020, has been fined $50,000 following legal action by corporate regulator ASIC after it failed to lodge annual and half-yearly financial reports between 2019 and 2021.
The company failed to appear before the Downing Centre Court on June 21 and was convicted in its absence on five charges for failing to lodge annual financial reports with ASIC for the 2019 to 2021 financial years; and lodge half-year reports between 2020 and 2021.
In response, Animoca issued a statement saying “it was unaware of the proceedings” until ASIC’s media release on the matter.
“The Company is working with its legal counsel, King & Wood Mallesons, to help resolve the matter,” the statement said.
