Blockchain.com executives subpoenaed for failing to submit financial reports on time

On October 21st, it was reported that Blockchain.com executives were summoned for failing to submit financial reports on time. Co-founder and President, Nicolas Cary, and operations executive, Al Turnbull, received subpoenas from the company's registrar in May. The case against Blockchain.com executives was filed on September 25th in the Cardiff Magistrates' Court and the next hearing is scheduled for November 26th to continue the litigation.

It is reported that Blockchain.com only submitted its year-end financial report for 2020 this month. Meanwhile, the legal proceedings are related to its failure to submit financial reports for the period ending December 2022.