Yet another exchange has run off
It’s still an exchange “Tether” company invested in
This exchange is called #Orionx, a Chilean trading platform
The main issue is that serious problems were uncovered: an audit found that over 7 million customers’ assets were transferred into wallets/platform-controlled funds that can’t be managed. The platform has suspended withdrawals and is preparing to close and liquidate.
So even if there’s well-known capital backing it, it doesn’t mean your assets are safe. If the exchange’s on-ledger balances don’t match the actual wallet assets, that’s the biggest trust red flag!
It’s still an exchange “Tether” company invested in
This exchange is called #Orionx, a Chilean trading platform
The main issue is that serious problems were uncovered: an audit found that over 7 million customers’ assets were transferred into wallets/platform-controlled funds that can’t be managed. The platform has suspended withdrawals and is preparing to close and liquidate.
So even if there’s well-known capital backing it, it doesn’t mean your assets are safe. If the exchange’s on-ledger balances don’t match the actual wallet assets, that’s the biggest trust red flag!
