Executives of Blockchain.com have been summoned for failing to submit financial reports on time, and the case will continue to be heard in November

according to Cryptonews, Blockchain.com executives have been summoned for failing to submit financial reports on time. Co-founder and president Nicolas Cary and operations executive Al Turnbull received a subpoena from the company registry in May.

The case against Blockchain.com executives was brought before the Cardiff Magistrates' Court on September 25, with the next hearing scheduled for November 26 to continue the proceedings.

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