TechFlow reported on October 21 that Blockchain.com executives were subpoenaed for failing to submit financial reports in a timely manner. Co-founder and president Nicolas Cary and operating executive Al Turnbull received subpoenas from the Company Registry in May.

The case against Blockchain.com executives was presented at Cardiff Magistrates’ Court on September 25, with the next hearing set for November 26 to continue the proceedings.

Blockchain.com reportedly filed its year-end financial statements for 2020 only this month. Meanwhile, the legal action is related to its failure to file financial statements for the year ending December 2022.