Tether-Backed Orionx Closes Permanently After $7 Million Custody Shortfall Uncovered
TLDR
- Chilean crypto exchange Orionx is permanently closing after a forensic audit found over $7 million in customer assets moved to external wallets
- Withdrawals have been suspended, leaving more than 100,000 registered users uncertain about their funds
- Criminal complaints were filed against co-founders Joaquín Díaz and Roberto Zibert, who deny wrongdoing
- The alleged transfers occurred between 2018 and 2021, covering Bitcoin, Ethereum, XRP, and Polygon holdings
- Tether had led Orionx’s Series A funding round in June 2025, just 15 months before the exchange collapsed
Orionx, one of Chile’s largest crypto exchanges, is shutting down permanently after a forensic audit revealed more than $7 million in customer assets had been moved to wallets outside the platform’s control.
Tether-Backed Chilean Crypto Exchange Orionx Shuts Down After $7M+ Asset Shortfall
Chilean crypto exchange Orionx has begun a permanent shutdown after a forensic audit found that more than $7 million in customer assets had been transferred to wallets outside the company’s… pic.twitter.com/DtmTz74XxB
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