• Nicholas Cary and Al Turnball obtained subpoenas from the Company Authority in Might.
• Blockchain.com blamed the submitting delay on firm restructuring and “vital reductions in workforce throughout the group.”
• The corporate filed its 2020 monetary ends in October.

London-based Blockchain.com is dealing with prosecution after two senior executives failed to show over firm data on time.

The Telegraph reported that Blockchain.com co-founder and president Nicolas Cary and operations director Al Turnball had been subpoenaed by Firms Home in Might.

In accordance with the report, Blockchain.com solely filed its enterprise accounts for the 12 months ended 2020 in October. Nevertheless, the main focus of the authorized claims is on the corporate's late submitting of its accounts for the 12 months ending December 2022.

Blockchain.com attributed the late submitting to firm restructuring and “vital reductions in workforce throughout the group,” and stated the corporate took time to stabilize.

Blockchain.com stated in its 2020 monetary outcomes that it has employed authorized counsel and is making ready to defend in opposition to the fees.

The case was heard at Cardiff Magistrates' Courtroom on September twenty fifth and is scheduled for a second listening to on November twenty sixth.

Based in 2011 by co-founders Peter Smith and Nicholas Carey, Blockchain.com has 37 million verified customers, serves greater than 200 nations, and operates greater than 89 million wallets. and has processed greater than $1 trillion in transactions. Buyers embrace Baille Gifford, DST International, and Google Ventures.