Blockchain.com executives were subpoenaed for failing to file financial reports in a timely manner
On October 21, it was reported that Blockchain.com executives were summoned for failing to submit financial reports in time. Co-founder and president Nicolas Cary and operations executive Al Turnbull received subpoenas from the Companies Registry in May. The case against Blockchain.com executives was filed in Cardiff Magistrates' Court on September 25, and the next hearing has been scheduled for November 26 to continue the litigation.
It is reported that Blockchain.com filed its year-end financial statements for 2020 only this month. Meanwhile, legal proceedings are related to its failure to file financial statements for the year ending December 2022.