Digital Asset Technologies Retracts Disclosures
Analysis based on 15 articles · First reported Apr 11, 2026 · Last updated Apr 11, 2026
The retraction of prior promotional and inaccurate disclosures by Digital asset is expected to have a significant negative impact on its stock price and investor confidence. The lack of operational readiness, regulatory compliance, and the cessation of development for key projects like LiquidLink AI Corporation's Xrpfy platform and node infrastructure will likely lead to a re-evaluation of the company's prospects.
Digital asset, at the request of the Canada — British Columbia Securities Commission, issued a news release retracting previous disclosures from June 30, 2025, and May 7, 2025. The retracted statements concerned the LiquidLink AI Corporation business, including claims about acquiring Ripple Labs, developing the Xrpfy platform, and launching enterprise-grade node infrastructure on the Bitcoin Lightning Network and XRP Ledger. Digital asset admitted these disclosures were inaccurate, incomplete, unbalanced, and overly promotional. The Xrpfy platform has not launched, and there is no confirmed commercialization timeline. Furthermore, Digital asset failed to complete its Money Service Business (MSB) registration with Canada — Financial Transactions and Reports Analysis Centre of Canada, preventing it from conducting regulated payment activities in Canada. The company also clarified that its node infrastructure was only for non-commercial testing and that further development has been paused. Additionally, Digital asset confirmed that previously disclosed investee companies, Beyond Moo Inc., Goldbloom Inc., and Mylk Brands Inc., are no longer active.
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