🚨 Tether-backed Orionx to shut down after $7M audit gap
Chilean exchange Orionx is permanently closing after a forensic audit revealed a $7 million discrepancy in customer assets. The audit found that funds for BTC, ETH, XRP, and POL were moved to external wallets not managed by the firm.
The exchange has suspended withdrawals to prioritize returning remaining client funds. The gap was discovered during a review for compliance with Chile’s Fintech Law.
Orionx filed a criminal complaint against co-founders Roberto Zibert and Joaquín Díaz, alleging they moved assets to personal accounts between 2018 and 2021. Both deny the claims.
Tether led Orionx’s Series A funding just 15 months ago in June 2025. The exchange operated across Chile, Peru, Colombia, and Mexico.
#Orionx #Tether #CryptoNews #Chile
Chilean exchange Orionx is permanently closing after a forensic audit revealed a $7 million discrepancy in customer assets. The audit found that funds for BTC, ETH, XRP, and POL were moved to external wallets not managed by the firm.
The exchange has suspended withdrawals to prioritize returning remaining client funds. The gap was discovered during a review for compliance with Chile’s Fintech Law.
Orionx filed a criminal complaint against co-founders Roberto Zibert and Joaquín Díaz, alleging they moved assets to personal accounts between 2018 and 2021. Both deny the claims.
Tether led Orionx’s Series A funding just 15 months ago in June 2025. The exchange operated across Chile, Peru, Colombia, and Mexico.
#Orionx #Tether #CryptoNews #Chile