London-based Blockchain.com is under legal scrutiny as two top executives, Nicolas Cary and Al Turnball, were summoned by Companies House for failing to submit company records promptly. The Telegraph revealed that while Blockchain.com filed its business accounts for 2020 in October, the focus of the legal action is on the delayed accounts for December 2022. The company attributed the delay to internal restructuring and workforce reductions, leading to instability. Despite hiring legal advisors to defend against the charges, the case was brought to Cardiff Magistrates Court on September 25, with another hearing scheduled for November 26. Founded in 2011 by Peter Smith and Nicolas Cary, Blockchain.com boasts 37 million verified users across 200 countries, with over 89 million wallets and $1 trillion in processed transactions. Notable investors include Baille Gifford, DST Global, and Google Ventures. Read more AI-generated news on: https://app.chaingpt.org/news