Blockchain firm ordered to pay $433k in shareholder dispute

In 2017 David Yu incorporated Orbis, which operates the digital collectibles platform VeVe. (Image: Supplied)

Fri, 09 May 2025

An EY Entrepreneur of the Year winner’s company has been ordered to pay US$257,395 (NZ$433,088) to a British Virgin Islands firm after a cryptocurrency and blockchain venture soured.MB Technology, a company from the British Virgin Islands, took legal action to be recognised as a shareholder of 2023 EY entrepreneur of the year David Yu’s New Zealand blockchain technology company Orbis Technology, which operates the digital collectibles platform VeVe.In a recent judgment, Justice Pheroze Jagose expressed scepticism over Orbis' con...

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