In January PledgeMusic had to address the backlog of payments to artists and fans, which resulted in them asking for more patience while they find investors, and correct the repayment problem in "90 days".

Artists have shared their frustration at the lack of communication following their statements on the problem, with one band, Jesus Jones, revealing "Apparently - there is no-one working for Pledge UK, any more."

Jesus Jones also revealed that the person looking after their situation at PledgeMusic had left the company to start a new job, leaving a short message, "really sorry that I have to leave the company, I hope everything is resolved, for you."

Last week Benji Rogers, founder of DotBlockchain, announced his resignation from the company. In the statement, Rogers confirmed that he will continue in his "volunteer role to help the artists and fans who have been affected by the current issues at PledgeMusic."

The last statement posted by PledgeMusic was published on 15 February.