🚨 Chilean Exchange Orionx Shuts Down Permanently — $7M+ Customer Funds Missing
Tether-backed crypto exchange Orionx announced it is shutting down after uncovering a multimillion-dollar issue linked to asset custody, following a forensic audit that found more than $7 million in customer assets had moved to wallets it did not manage. 
📌 Key details:
• Withdrawals are suspended, affecting over 100,000 registered users
• Criminal complaints have been filed against two former executives, Joaquín Díaz and Roberto Zibert, over transfers alleged to have occurred between 2018 and 2021, both of whom deny wrongdoing
• Missing assets span Bitcoin, Ethereum, XRP, and Polygon
• Tether led Orionx’s Series A funding round in June 2025, just 15 months before the collapse
• Chile’s Financial Market Commission had rejected Orionx’s regulatory license application in June 2026, meaning it was operating unlicensed
• Orionx says its “sole priority now is to return as much of our clients’ assets as possible.”
⚠️ Another reminder: self-custody and regulated venues matter. DYOR before trusting any platform with your funds.
#crypto #Binance #ETH🔥🔥🔥🔥🔥🔥 #BTC #Xrp🔥🔥
Not financial advice.
Tether-backed crypto exchange Orionx announced it is shutting down after uncovering a multimillion-dollar issue linked to asset custody, following a forensic audit that found more than $7 million in customer assets had moved to wallets it did not manage. 
📌 Key details:
• Withdrawals are suspended, affecting over 100,000 registered users
• Criminal complaints have been filed against two former executives, Joaquín Díaz and Roberto Zibert, over transfers alleged to have occurred between 2018 and 2021, both of whom deny wrongdoing
• Missing assets span Bitcoin, Ethereum, XRP, and Polygon
• Tether led Orionx’s Series A funding round in June 2025, just 15 months before the collapse
• Chile’s Financial Market Commission had rejected Orionx’s regulatory license application in June 2026, meaning it was operating unlicensed
• Orionx says its “sole priority now is to return as much of our clients’ assets as possible.”
⚠️ Another reminder: self-custody and regulated venues matter. DYOR before trusting any platform with your funds.
#crypto #Binance #ETH🔥🔥🔥🔥🔥🔥 #BTC #Xrp🔥🔥
Not financial advice.