According to The Block, the Australian Securities and Investments Commission (ASIC) prosecuted Block Earner for allegedly providing cryptocurrency services without registration. ASIC Deputy Chairman Sarah Court expressed concern that Block Earner is not properly registered or does not have an Australian financial services license. Provide financial products under certain circumstances, so that consumers do not get the protection they deserve. Block Earner received $4.5 million in 2021 from Aave CEO Stani Kulechov and Coinbase Ventures, among others.