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orionx
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📰 Chilean exchange Orionx is really in trouble this time. A legal audit found a funding gap of more than $7 million, and the platform simply halted operations, putting user withdrawals on pause as well.
🔥 Even more outrageous, the audit says custodial assets were transferred to wallets outside the company’s control. Orionx also directly pointed the finger at founding partners Joaquín Díaz, Roberto Zibert, and other former employees, saying they knew about it and were involved in the related transactions.
💡 These transactions are said to have taken place between 2018 and 2021, with the money used for speculative trading on other platforms. Honestly, once this kind of operation is confirmed, what users care about most is no longer who takes the blame, but how much of their money they can get back.
⚠️ The platform now has more than 100,000 registered users, but Orionx also cannot guarantee that users will recover their funds in full. Chile’s Financial Market Commission, CMF, also pointed out that it never obtained authorization for crypto financial services, and its July application was rejected, meaning it was operating illegally.
🤔 What hurts the most about this kind of thing is that everything looks fine when you can withdraw and transfer normally, but only after an audit turns up the truth do you realize how deep the hole really is. If you ran into an exchange suddenly suspending withdrawals, would your first reaction be to save records or go straight to a lawyer?
#Orionx #交易所 #智利 #加密市场
🔥 Even more outrageous, the audit says custodial assets were transferred to wallets outside the company’s control. Orionx also directly pointed the finger at founding partners Joaquín Díaz, Roberto Zibert, and other former employees, saying they knew about it and were involved in the related transactions.
💡 These transactions are said to have taken place between 2018 and 2021, with the money used for speculative trading on other platforms. Honestly, once this kind of operation is confirmed, what users care about most is no longer who takes the blame, but how much of their money they can get back.
⚠️ The platform now has more than 100,000 registered users, but Orionx also cannot guarantee that users will recover their funds in full. Chile’s Financial Market Commission, CMF, also pointed out that it never obtained authorization for crypto financial services, and its July application was rejected, meaning it was operating illegally.
🤔 What hurts the most about this kind of thing is that everything looks fine when you can withdraw and transfer normally, but only after an audit turns up the truth do you realize how deep the hole really is. If you ran into an exchange suddenly suspending withdrawals, would your first reaction be to save records or go straight to a lawyer?
#Orionx #交易所 #智利 #加密市场
The road is over for Orionx.
The platform is closing its doors permanently.
An audit revealed a shortfall of 7 million dollars in user assets.
Those funds were moved to wallets outside of its custody.
That is a significant amount for a company backed by Tether.
What do you think of this handling of the funds?
$BTC #Orionx #Cripto
The platform is closing its doors permanently.
An audit revealed a shortfall of 7 million dollars in user assets.
Those funds were moved to wallets outside of its custody.
That is a significant amount for a company backed by Tether.
What do you think of this handling of the funds?
$BTC #Orionx #Cripto
More than $7 million… and a gap in customer assets!
Orionx, the Tether-backed platform, is heading toward closure after an audit revealed a shortfall exceeding $7 million in custody assets.
The platform has halted withdrawals and begun legal procedures and investigations to determine what happened and try to recover customer funds.
The lesson:
Even with big names behind a project, nothing is more important than transparency, proof of reserves, and protecting users' assets.
Do you think crypto platforms need stricter audits? 👇
$USDT $BTC $ETH
#Crypto #Tether #USDT #Orionx
Orionx, the Tether-backed platform, is heading toward closure after an audit revealed a shortfall exceeding $7 million in custody assets.
The platform has halted withdrawals and begun legal procedures and investigations to determine what happened and try to recover customer funds.
The lesson:
Even with big names behind a project, nothing is more important than transparency, proof of reserves, and protecting users' assets.
Do you think crypto platforms need stricter audits? 👇
$USDT $BTC $ETH
#Crypto #Tether #USDT #Orionx
ORIONX JUST HIT THE “FUNDS ARE GONE” BUTTON. 💀
The Chilean crypto exchange Orionx has announced it is shutting down and temporarily suspending withdrawals after an audit found that more than $7M in managed assets had been transferred to wallets outside the company’s control, creating a fund shortfall.
Orionx has accused two founders, Joaquín Díaz and Roberto Zibert, along with several former employees, of being involved in transactions carried out between 2018–2021, and has referred the case to Chilean prosecutors.
Worse still: the CMF regulator said Orionx was not licensed to provide crypto financial services and did not comply with the Fintech Law.
And Orionx also admitted it cannot guarantee that users will recover all of their money.
Not your keys, not your coins.
Apparently… not their keys either. 💀
#Orionx #crypto #bitcoin $BTC
The Chilean crypto exchange Orionx has announced it is shutting down and temporarily suspending withdrawals after an audit found that more than $7M in managed assets had been transferred to wallets outside the company’s control, creating a fund shortfall.
Orionx has accused two founders, Joaquín Díaz and Roberto Zibert, along with several former employees, of being involved in transactions carried out between 2018–2021, and has referred the case to Chilean prosecutors.
Worse still: the CMF regulator said Orionx was not licensed to provide crypto financial services and did not comply with the Fintech Law.
And Orionx also admitted it cannot guarantee that users will recover all of their money.
Not your keys, not your coins.
Apparently… not their keys either. 💀
#Orionx #crypto #bitcoin $BTC
🚨 Breaking: Tether-backed Orionx shuts down after a gap exceeding $7 million!
🔴 The Chilean cryptocurrency platform Orionx has announced the start of final shutdown procedures and the suspension of withdrawals, after a forensic audit revealed a gap exceeding $7 million in customer assets held.
💰 According to the audit results, digital assets that were under the platform’s custody were transferred to wallets outside its control, leading to a discrepancy between the balances recorded in Orionx’s systems and the assets actually present in custody wallets.
⚠️ The company filed a criminal complaint against two of its former founders, Joaquín Díaz and Roberto Zibert, regarding the alleged transfers, while the two denied any wrongdoing.
🔷 Ironically, Tether invested in Orionx in June 2025 and led its Series A round, about 15 months before the shutdown announcement.
📌 Orionx said its current priority is to return as much of customers’ assets as possible, but it has not yet guaranteed that all funds can be recovered.
💡 The incident once again highlights the importance of proof of reserves, segregation of customer assets, and internal oversight when dealing with cryptocurrency trading platforms.
#Crypto #Orionx #Tether #Bitcoin #USDT #Cryptocurrency
🔴 The Chilean cryptocurrency platform Orionx has announced the start of final shutdown procedures and the suspension of withdrawals, after a forensic audit revealed a gap exceeding $7 million in customer assets held.
💰 According to the audit results, digital assets that were under the platform’s custody were transferred to wallets outside its control, leading to a discrepancy between the balances recorded in Orionx’s systems and the assets actually present in custody wallets.
⚠️ The company filed a criminal complaint against two of its former founders, Joaquín Díaz and Roberto Zibert, regarding the alleged transfers, while the two denied any wrongdoing.
🔷 Ironically, Tether invested in Orionx in June 2025 and led its Series A round, about 15 months before the shutdown announcement.
📌 Orionx said its current priority is to return as much of customers’ assets as possible, but it has not yet guaranteed that all funds can be recovered.
💡 The incident once again highlights the importance of proof of reserves, segregation of customer assets, and internal oversight when dealing with cryptocurrency trading platforms.
#Crypto #Orionx #Tether #Bitcoin #USDT #Cryptocurrency
Orionx shuts down and 100,000 users are left in limbo ⚠️
The Chilean platform announced its definitive closure this Thursday. What’s confirmed 👇
🔴 US$7M mismatch: Deloitte forensic audit detected systematic transfers to external wallets. It was not a hack.
⚖️ Criminal complaint for disloyal administration against former managers Roberto Zibert and Joaquín Díaz, both co-founders.
📋 The CMF had rejected its registration as a financial provider and clarified that it never supervised it.
🚪 Withdrawals suspended. Orionx promises to return what is possible, but admits it does not guarantee 100%.
📌 The lesson: if the exchange holds your keys, your security depends on its governance. 7 years of history were not enough. Not your keys, not your coins.
Sources: Diario Financiero, Emol, BioBioChile.
Self-custody or third-party custody? I’m reading you 👇
#Orionx #CryptoChile $BTC #Crypto
Not financial advice. DYOR.
The Chilean platform announced its definitive closure this Thursday. What’s confirmed 👇
🔴 US$7M mismatch: Deloitte forensic audit detected systematic transfers to external wallets. It was not a hack.
⚖️ Criminal complaint for disloyal administration against former managers Roberto Zibert and Joaquín Díaz, both co-founders.
📋 The CMF had rejected its registration as a financial provider and clarified that it never supervised it.
🚪 Withdrawals suspended. Orionx promises to return what is possible, but admits it does not guarantee 100%.
📌 The lesson: if the exchange holds your keys, your security depends on its governance. 7 years of history were not enough. Not your keys, not your coins.
Sources: Diario Financiero, Emol, BioBioChile.
Self-custody or third-party custody? I’m reading you 👇
#Orionx #CryptoChile $BTC #Crypto
Not financial advice. DYOR.
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