Blockchain.com is facing prosecution due to its failure to file current accounts in the UK, with the last filing recorded for the year 2020. The company is scheduled for further court hearings following a summons issued by Companies House in May 2024 for not filing accounts by the deadline. Court documents indicate that the case involves the company's failure to file accounts for the year ending December 2022, with a hearing set for November 25, 2024. A conviction could result in an unlimited fine, and since 2015, penalties could also include up to six months in prison. Blockchain.com executives, including president Nic Cary and operations executive Al Turnbull, have stated that they have sorted all necessary documents related to this administrative matter. The company has stated it takes regulatory compliance seriously and hopes to resolve the issue promptly. Blockchain.com, founded in 2011, has grown to become a significant player in the crypto space, managing tens of millions of digital wallets and securing investments from major firms like Google Ventures and Baillie Gifford.

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