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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin ETF inflows, crypto equity markets and retail trading sentiment are 'screaming risk-on,' Bernstein says
Bitcoin attempting another breakout above $70,000, rising odds that Donald Trump will win the White House and pro-crypto policies from the Harris campaign are helping to fuel bullish sentiment, according to Bernstein.Bitcoin ETF inflows, crypto equity markets and memecoins boosting retail participation add to a market that is “screaming risk-on,” the analysts said.
Solana (SOL) Eyes $200 Breakout: Key Factors to Watch
Bitcoin hashrate hits all-time high, boosting network security