#orionx
orionx
4,039 views
24 Discussing
Hot
Latest
🚨 Orionx loses $7M and the CMF says 'we didn't have permission': Is this the end of Chilean crypto?
The price of $BTC cayó to $76,731 (-0.8%) and the Fear & Greed index remains at 61, signaling that the market is nervous. Meanwhile, Orionx lost US$7 million and the CMF barely clarifies that the platform was operating without authorization. This combination is a slap in the face: Chilean crypto looks more like a casino without rules than a mature industry. If the CMF doesn’t regulate, users are left at the mercy of poor management and possible fraud. Will you keep trusting local exchanges, or will you move your capital to platforms with international oversight?
#Orionx #CMF #CriptoChile #Regulacion #PerdidaMillonaria
🚨 Orionx loses $7M and the CMF says 'we didn't have permission': Is this the end of Chilean crypto?
The price of $BTC cayó to $76,731 (-0.8%) and the Fear & Greed index remains at 61, signaling that the market is nervous. Meanwhile, Orionx lost US$7 million and the CMF barely clarifies that the platform was operating without authorization. This combination is a slap in the face: Chilean crypto looks more like a casino without rules than a mature industry. If the CMF doesn’t regulate, users are left at the mercy of poor management and possible fraud. Will you keep trusting local exchanges, or will you move your capital to platforms with international oversight?
#Orionx #CMF #CriptoChile #Regulacion #PerdidaMillonaria
The price of $BTC cayó to $76,731 (-0.8%) and the Fear & Greed index remains at 61, signaling that the market is nervous. Meanwhile, Orionx lost US$7 million and the CMF barely clarifies that the platform was operating without authorization. This combination is a slap in the face: Chilean crypto looks more like a casino without rules than a mature industry. If the CMF doesn’t regulate, users are left at the mercy of poor management and possible fraud. Will you keep trusting local exchanges, or will you move your capital to platforms with international oversight?
#Orionx #CMF #CriptoChile #Regulacion #PerdidaMillonaria
415
Orionx loses $7M and the CMF declares without permission: Is it the end of Chilean crypto?
Today, the Chilean website Orionx reports a loss of $7M and that the CMF is declaring it without permission. Bitcoin stays at $77,321, while the Fear and Greed index is at 63/100. This blow to local trust shows that regulation is still a void. If an unlicensed platform can lose that much, what happens to the users who trusted their money? The CMF needs to act before the market collapses. Do you think the CMF is doing enough, or is it a power game?
#Orionx #CMF #CriptoChile #RegulacionChile #MiedoYCodicia
Orionx loses $7M and the CMF declares without permission: Is it the end of Chilean crypto?
Today, the Chilean website Orionx reports a loss of $7M and that the CMF is declaring it without permission. Bitcoin stays at $77,321, while the Fear and Greed index is at 63/100. This blow to local trust shows that regulation is still a void. If an unlicensed platform can lose that much, what happens to the users who trusted their money? The CMF needs to act before the market collapses. Do you think the CMF is doing enough, or is it a power game?
#Orionx #CMF #CriptoChile #RegulacionChile #MiedoYCodicia
Today, the Chilean website Orionx reports a loss of $7M and that the CMF is declaring it without permission. Bitcoin stays at $77,321, while the Fear and Greed index is at 63/100. This blow to local trust shows that regulation is still a void. If an unlicensed platform can lose that much, what happens to the users who trusted their money? The CMF needs to act before the market collapses. Do you think the CMF is doing enough, or is it a power game?
#Orionx #CMF #CriptoChile #RegulacionChile #MiedoYCodicia
1
304
Orionx loses 7M and the CMF didn’t grant permission: what’s happening?
Today the market opens with BTC at US$77,013 and ETH at US$2,468, but the real storm is on Chile’s Orionx website. The platform lost 7 million dollars, and the CMF confirms that it didn’t have authorization to operate. This scandal shows that trust in local exchanges is an illusion. Users are left with the feeling that regulation is a wall of words. If the CMF doesn’t impose tough sanctions, the sector will fall into the same spiral of distrust. Do you think the CMF should intervene more aggressively?
#Orionx #CMF #CriptoChile #EstabilidadCrypto #RegulacionChile
Orionx loses 7M and the CMF didn’t grant permission: what’s happening?
Today the market opens with BTC at US$77,013 and ETH at US$2,468, but the real storm is on Chile’s Orionx website. The platform lost 7 million dollars, and the CMF confirms that it didn’t have authorization to operate. This scandal shows that trust in local exchanges is an illusion. Users are left with the feeling that regulation is a wall of words. If the CMF doesn’t impose tough sanctions, the sector will fall into the same spiral of distrust. Do you think the CMF should intervene more aggressively?
#Orionx #CMF #CriptoChile #EstabilidadCrypto #RegulacionChile
Today the market opens with BTC at US$77,013 and ETH at US$2,468, but the real storm is on Chile’s Orionx website. The platform lost 7 million dollars, and the CMF confirms that it didn’t have authorization to operate. This scandal shows that trust in local exchanges is an illusion. Users are left with the feeling that regulation is a wall of words. If the CMF doesn’t impose tough sanctions, the sector will fall into the same spiral of distrust. Do you think the CMF should intervene more aggressively?
#Orionx #CMF #CriptoChile #EstabilidadCrypto #RegulacionChile
211
Orionx loses 7 million: Does the CMF protect or just observe?
Orionx, the platform that promised to become Chile’s new crypto hub, ended up with a $7 million hole in its balance sheet. The CMF confirmed that the company was operating without the required permits and has already launched an investigation. Amid all this chaos, BTC holds at $78,263, down only 0.4%, while ETH slips in at $2,470, and the Fear & Greed index sits at 66/100, indicating a neutral market. Do you think the lack of regulation is leaving users exposed, or is it simply the industry’s adjustment phase? Should we expect more penalties or the arrival of new regulated platforms?
#Orionx #CriptoChile #CMFRegulacion #PerdidaCripto
Orionx loses 7 million: Does the CMF protect or just observe?
Orionx, the platform that promised to become Chile’s new crypto hub, ended up with a $7 million hole in its balance sheet. The CMF confirmed that the company was operating without the required permits and has already launched an investigation. Amid all this chaos, BTC holds at $78,263, down only 0.4%, while ETH slips in at $2,470, and the Fear & Greed index sits at 66/100, indicating a neutral market. Do you think the lack of regulation is leaving users exposed, or is it simply the industry’s adjustment phase? Should we expect more penalties or the arrival of new regulated platforms?
#Orionx #CriptoChile #CMFRegulacion #PerdidaCripto
Orionx, the platform that promised to become Chile’s new crypto hub, ended up with a $7 million hole in its balance sheet. The CMF confirmed that the company was operating without the required permits and has already launched an investigation. Amid all this chaos, BTC holds at $78,263, down only 0.4%, while ETH slips in at $2,470, and the Fear & Greed index sits at 66/100, indicating a neutral market. Do you think the lack of regulation is leaving users exposed, or is it simply the industry’s adjustment phase? Should we expect more penalties or the arrival of new regulated platforms?
#Orionx #CriptoChile #CMFRegulacion #PerdidaCripto
1
529
🚨 Orionx loses $7M and the CMF says 'they didn't have permission': What happens to your crypto?
Bitcoin is trading at $78,946 (+0.3%) and the Fear & Greed Index is at 66, but the Orionx news—$7M gone and the CMF warning that it was operating without permission—is causing tremors under the surface. Whales are already accumulating positions, while retail just watches the panic unfold. If the $78,000 support breaks, we’ll see a wave of selling that can’t be explained by the greed index. The market looks like it’s smiling, but Chile’s regulatory risk is real. Are you going to keep watching, or are you going to adjust your exposure now?
#Orionx #CMF #RegulacionChile #CryptoRetail #Whales
🚨 Orionx loses $7M and the CMF says 'they didn't have permission': What happens to your crypto?
Bitcoin is trading at $78,946 (+0.3%) and the Fear & Greed Index is at 66, but the Orionx news—$7M gone and the CMF warning that it was operating without permission—is causing tremors under the surface. Whales are already accumulating positions, while retail just watches the panic unfold. If the $78,000 support breaks, we’ll see a wave of selling that can’t be explained by the greed index. The market looks like it’s smiling, but Chile’s regulatory risk is real. Are you going to keep watching, or are you going to adjust your exposure now?
#Orionx #CMF #RegulacionChile #CryptoRetail #Whales
Bitcoin is trading at $78,946 (+0.3%) and the Fear & Greed Index is at 66, but the Orionx news—$7M gone and the CMF warning that it was operating without permission—is causing tremors under the surface. Whales are already accumulating positions, while retail just watches the panic unfold. If the $78,000 support breaks, we’ll see a wave of selling that can’t be explained by the greed index. The market looks like it’s smiling, but Chile’s regulatory risk is real. Are you going to keep watching, or are you going to adjust your exposure now?
#Orionx #CMF #RegulacionChile #CryptoRetail #Whales
1
312
🚨 Orionx loses US$7M and shuts down: the CMF doesn’t warn—what about you?
The market starts with $BTC a US$79,329 (-0.7%) and the Fear & Greed index at 71/100, but the real storm is in Chile: Orionx admitted it lost US$7 million and announced its closure while the CMF only clarified that it had no permits. This isn’t a simple accident—it’s proof of oversight that’s still in its infancy and leaves users vulnerable. If the authority doesn’t act quickly, local exchanges keep playing roulette with your money. Will you keep trusting Chilean platforms, or will you move to international exchanges?
#Orionx #CMF #CriptoChile #RegulaciónFinanciera #ExchangeLocal
🚨 Orionx loses US$7M and shuts down: the CMF doesn’t warn—what about you?
The market starts with $BTC a US$79,329 (-0.7%) and the Fear & Greed index at 71/100, but the real storm is in Chile: Orionx admitted it lost US$7 million and announced its closure while the CMF only clarified that it had no permits. This isn’t a simple accident—it’s proof of oversight that’s still in its infancy and leaves users vulnerable. If the authority doesn’t act quickly, local exchanges keep playing roulette with your money. Will you keep trusting Chilean platforms, or will you move to international exchanges?
#Orionx #CMF #CriptoChile #RegulaciónFinanciera #ExchangeLocal
The market starts with $BTC a US$79,329 (-0.7%) and the Fear & Greed index at 71/100, but the real storm is in Chile: Orionx admitted it lost US$7 million and announced its closure while the CMF only clarified that it had no permits. This isn’t a simple accident—it’s proof of oversight that’s still in its infancy and leaves users vulnerable. If the authority doesn’t act quickly, local exchanges keep playing roulette with your money. Will you keep trusting Chilean platforms, or will you move to international exchanges?
#Orionx #CMF #CriptoChile #RegulaciónFinanciera #ExchangeLocal
361
·
--
Article
Orionx Custody Collapse: $USDT’s New Black Hole Reveals Market’s Hidden RiskMost traders focus on price swings, but smart money watches the flow of reserves. The recent $USDT custody gap at Orionx—$7 million uncovered—signals a deeper erosion of stability in the stablecoin ecosystem.
The signal: Orionx, once a popular Tether-backed custodian, has been hit by a $7 million discrepancy uncovered during an audit. Withdrawals were suspended, and a criminal complaint has been filed. The audit also highlighted gaps in Orionx’s internal controls and a lack of transparent reporting. #USDT #Orionx #CustodyRisk
Interpretation: This isn’t just a one‑off glitch. A $7 million hole in a platform that handles millions of dollars daily indicates systemic fragility. When a custodian fails to prove full reserves, it erodes confidence in the peg, potentially triggering a run on $USDT. Historically, such events have pressured $USDT’s price to dip 1‑3 % before a broader market correction. If other custodians follow suit, we could see a ripple effect across the stablecoin market, forcing a shift toward more audited, decentralized custodial solutions.
Watch list: Monitor Orionx’s next audit release and any regulatory filings. Pay close attention to the #USDT reserve audit reports from independent firms like CertiK or Trail of Bits. A sudden drop in the reported reserve ratio could be a catalyst for a broader sell‑off in stablecoins and a rally in riskier assets as traders seek liquidity.
What if the next custodian in line—perhaps a major DeFi protocol—unveils a similar gap? How will that reshape the stablecoin landscape, and what new opportunities will emerge for those who can spot the shift early?
Orionx Custody Collapse: $USDT’s New Black Hole Reveals Market’s Hidden Risk
Most traders focus on price swings, but smart money watches the flow of reserves. The recent $USDT custody gap at Orionx—$7 million uncovered—signals a deeper erosion of stability in the stablecoin ecosystem.
The signal: Orionx, once a popular Tether-backed custodian, has been hit by a $7 million discrepancy uncovered during an audit. Withdrawals were suspended, and a criminal complaint has been filed. The audit also highlighted gaps in Orionx’s internal controls and a lack of transparent reporting. #USDT #Orionx #CustodyRisk
Interpretation: This isn’t just a one‑off glitch. A $7 million hole in a platform that handles millions of dollars daily indicates systemic fragility. When a custodian fails to prove full reserves, it erodes confidence in the peg, potentially triggering a run on $USDT. Historically, such events have pressured $USDT’s price to dip 1‑3 % before a broader market correction. If other custodians follow suit, we could see a ripple effect across the stablecoin market, forcing a shift toward more audited, decentralized custodial solutions.
Watch list: Monitor Orionx’s next audit release and any regulatory filings. Pay close attention to the #USDT reserve audit reports from independent firms like CertiK or Trail of Bits. A sudden drop in the reported reserve ratio could be a catalyst for a broader sell‑off in stablecoins and a rally in riskier assets as traders seek liquidity.
What if the next custodian in line—perhaps a major DeFi protocol—unveils a similar gap? How will that reshape the stablecoin landscape, and what new opportunities will emerge for those who can spot the shift early?
The signal: Orionx, once a popular Tether-backed custodian, has been hit by a $7 million discrepancy uncovered during an audit. Withdrawals were suspended, and a criminal complaint has been filed. The audit also highlighted gaps in Orionx’s internal controls and a lack of transparent reporting. #USDT #Orionx #CustodyRisk
Interpretation: This isn’t just a one‑off glitch. A $7 million hole in a platform that handles millions of dollars daily indicates systemic fragility. When a custodian fails to prove full reserves, it erodes confidence in the peg, potentially triggering a run on $USDT. Historically, such events have pressured $USDT’s price to dip 1‑3 % before a broader market correction. If other custodians follow suit, we could see a ripple effect across the stablecoin market, forcing a shift toward more audited, decentralized custodial solutions.
Watch list: Monitor Orionx’s next audit release and any regulatory filings. Pay close attention to the #USDT reserve audit reports from independent firms like CertiK or Trail of Bits. A sudden drop in the reported reserve ratio could be a catalyst for a broader sell‑off in stablecoins and a rally in riskier assets as traders seek liquidity.
What if the next custodian in line—perhaps a major DeFi protocol—unveils a similar gap? How will that reshape the stablecoin landscape, and what new opportunities will emerge for those who can spot the shift early?
10
·
--
Bullish
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
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
2
209
·
--
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 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
1
457
🚨 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
🚨 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
1
79
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
{spot}(BTCUSDT)
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
184
·
--
📰 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
📰 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
327
·
--
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.
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.
750
🚨 3 court orders, 0 responses: the crypto giants that turn their back on Chile
BioBioChile documented something serious: there are three active court orders against crypto platforms operating in Chile... and none has been complied with. Meanwhile, Orionx closes leaving US$7M gone missing, and the CMF only manages to say that “they didn’t have permission.” For me the message is clear: in Chile crypto is regulated with paperwork, but enforced with goodwill. And when justice clashes with companies that have no local office or known address, justice loses. Should the domains of those who disobey a court order be blocked, or do we keep pretending we regulate? #JusticiaChilena #RegulacionCripto #Orionx #CMF #BinanceSquare
🚨 3 court orders, 0 responses: the crypto giants that turn their back on Chile
BioBioChile documented something serious: there are three active court orders against crypto platforms operating in Chile... and none has been complied with. Meanwhile, Orionx closes leaving US$7M gone missing, and the CMF only manages to say that “they didn’t have permission.” For me the message is clear: in Chile crypto is regulated with paperwork, but enforced with goodwill. And when justice clashes with companies that have no local office or known address, justice loses. Should the domains of those who disobey a court order be blocked, or do we keep pretending we regulate? #JusticiaChilena #RegulacionCripto #Orionx #CMF #BinanceSquare
BioBioChile documented something serious: there are three active court orders against crypto platforms operating in Chile... and none has been complied with. Meanwhile, Orionx closes leaving US$7M gone missing, and the CMF only manages to say that “they didn’t have permission.” For me the message is clear: in Chile crypto is regulated with paperwork, but enforced with goodwill. And when justice clashes with companies that have no local office or known address, justice loses. Should the domains of those who disobey a court order be blocked, or do we keep pretending we regulate? #JusticiaChilena #RegulacionCripto #Orionx #CMF #BinanceSquare
2
315
🚨 Orionx loses $7M: the CMF reveals it was operating without authorization
Bitcoin is trading at $78,720, down 0.7%, while the Fear & Greed index remains at 69, still in the greed zone. But the real storm comes from Chile: Orionx, a local exchange, announced the loss of US$7M and the CMF confirmed it was operating without authorization. This scandal doesn’t just erode users’ trust—it also highlights the regulatory gap that lets platforms gamble with your money. My stance is clear: the CMF must impose exemplary penalties, or we’ll see more collapses than opportunities. Do you think the Chilean authority will act with the necessary harshness, or will it keep playing along with “self-regulation”?
#CMF #Orionx #RegulacionChile #CriptoPerdida #MercadoLatam
🚨 Orionx loses $7M: the CMF reveals it was operating without authorization
Bitcoin is trading at $78,720, down 0.7%, while the Fear & Greed index remains at 69, still in the greed zone. But the real storm comes from Chile: Orionx, a local exchange, announced the loss of US$7M and the CMF confirmed it was operating without authorization. This scandal doesn’t just erode users’ trust—it also highlights the regulatory gap that lets platforms gamble with your money. My stance is clear: the CMF must impose exemplary penalties, or we’ll see more collapses than opportunities. Do you think the Chilean authority will act with the necessary harshness, or will it keep playing along with “self-regulation”?
#CMF #Orionx #RegulacionChile #CriptoPerdida #MercadoLatam
Bitcoin is trading at $78,720, down 0.7%, while the Fear & Greed index remains at 69, still in the greed zone. But the real storm comes from Chile: Orionx, a local exchange, announced the loss of US$7M and the CMF confirmed it was operating without authorization. This scandal doesn’t just erode users’ trust—it also highlights the regulatory gap that lets platforms gamble with your money. My stance is clear: the CMF must impose exemplary penalties, or we’ll see more collapses than opportunities. Do you think the Chilean authority will act with the necessary harshness, or will it keep playing along with “self-regulation”?
#CMF #Orionx #RegulacionChile #CriptoPerdida #MercadoLatam
209
🚨 TETHER-BACKED EXCHANGE ORIONX HALTS WITHDRAWALS & SHUTS DOWN OVER $7M SHORTFALL! 🚨
Chilean crypto exchange Orionx has frozen all user withdrawals and initiated a permanent shutdown after discovering $7M+ in missing client funds! 📉⚠️
Key Takeaways:
🔹 Forensic Audit Discovery: An external audit revealed over $7 Million in customer assets were transferred to third-party wallets outside company control between 2018 and 2021.
🔹 Criminal Charges: Orionx filed a criminal complaint against co-founders Joaquín Díaz and Roberto Zibert for allegedly using client assets in outside trades.
🔹 Regulatory Warning: Chile’s CMF revealed that Orionx continued operating illegally after its Fintec license application was rejected in July.
🔹 100,000+ Users Impacted: Over 100,000 registered users face massive uncertainty with zero guarantee of full fund recovery.
Another harsh reminder of why Proof of Reserves and self-custody are critical for protecting your assets! 🛡️
Do you store your assets on CEXs or move them to self-custody wallets? Drop your thoughts below! 👇
#CryptoNews #Orionx #CryptoSecurity #BİNANCESQUARE #regulations
---
Follow crypto update786 for more crypto updates & market insights! 🚀
{spot}(BTCUSDT)
🚨 TETHER-BACKED EXCHANGE ORIONX HALTS WITHDRAWALS & SHUTS DOWN OVER $7M SHORTFALL! 🚨
Chilean crypto exchange Orionx has frozen all user withdrawals and initiated a permanent shutdown after discovering $7M+ in missing client funds! 📉⚠️
Key Takeaways:
🔹 Forensic Audit Discovery: An external audit revealed over $7 Million in customer assets were transferred to third-party wallets outside company control between 2018 and 2021.
🔹 Criminal Charges: Orionx filed a criminal complaint against co-founders Joaquín Díaz and Roberto Zibert for allegedly using client assets in outside trades.
🔹 Regulatory Warning: Chile’s CMF revealed that Orionx continued operating illegally after its Fintec license application was rejected in July.
🔹 100,000+ Users Impacted: Over 100,000 registered users face massive uncertainty with zero guarantee of full fund recovery.
Another harsh reminder of why Proof of Reserves and self-custody are critical for protecting your assets! 🛡️
Do you store your assets on CEXs or move them to self-custody wallets? Drop your thoughts below! 👇
#CryptoNews #Orionx #CryptoSecurity #BİNANCESQUARE #regulations
---
Follow crypto update786 for more crypto updates & market insights! 🚀
Chilean crypto exchange Orionx has frozen all user withdrawals and initiated a permanent shutdown after discovering $7M+ in missing client funds! 📉⚠️
Key Takeaways:
🔹 Forensic Audit Discovery: An external audit revealed over $7 Million in customer assets were transferred to third-party wallets outside company control between 2018 and 2021.
🔹 Criminal Charges: Orionx filed a criminal complaint against co-founders Joaquín Díaz and Roberto Zibert for allegedly using client assets in outside trades.
🔹 Regulatory Warning: Chile’s CMF revealed that Orionx continued operating illegally after its Fintec license application was rejected in July.
🔹 100,000+ Users Impacted: Over 100,000 registered users face massive uncertainty with zero guarantee of full fund recovery.
Another harsh reminder of why Proof of Reserves and self-custody are critical for protecting your assets! 🛡️
Do you store your assets on CEXs or move them to self-custody wallets? Drop your thoughts below! 👇
#CryptoNews #Orionx #CryptoSecurity #BİNANCESQUARE #regulations
---
Follow crypto update786 for more crypto updates & market insights! 🚀
20
·
--
Chile’s Orionx Shuts Down: Audit Uncovers Over $7 Million Custody ShortfallWhat’s worth watching is not another “exchange in trouble” headline, but the timeline.
Chilean local platform Orionx has announced a permanent shutdown and suspended withdrawals. The company said a forensic audit confirmed that more than $7 million in custodial assets had been transferred to external wallets beyond the company’s control.
The more eye-catching detail: Orionx has filed a complaint with prosecutors, accusing founding partners Joaquín Díaz, Roberto Zibert, and others of alleged knowledge or involvement. Local media, citing the lawsuit, said the transfers in question occurred between 2018 and 2021 and involved assets such as $BTC, $ETH, $XRP, and Polygon. The audit findings also point to these funds having been used for trading operations on external platforms—if true, that would mean customer assets were being used as a “proprietary account.”
Chile’s Orionx Shuts Down: Audit Uncovers Over $7 Million Custody Shortfall
What’s worth watching is not another “exchange in trouble” headline, but the timeline.
Chilean local platform Orionx has announced a permanent shutdown and suspended withdrawals. The company said a forensic audit confirmed that more than $7 million in custodial assets had been transferred to external wallets beyond the company’s control.
The more eye-catching detail: Orionx has filed a complaint with prosecutors, accusing founding partners Joaquín Díaz, Roberto Zibert, and others of alleged knowledge or involvement. Local media, citing the lawsuit, said the transfers in question occurred between 2018 and 2021 and involved assets such as $BTC , $ETH , $XRP , and Polygon. The audit findings also point to these funds having been used for trading operations on external platforms—if true, that would mean customer assets were being used as a “proprietary account.”
Chilean local platform Orionx has announced a permanent shutdown and suspended withdrawals. The company said a forensic audit confirmed that more than $7 million in custodial assets had been transferred to external wallets beyond the company’s control.
The more eye-catching detail: Orionx has filed a complaint with prosecutors, accusing founding partners Joaquín Díaz, Roberto Zibert, and others of alleged knowledge or involvement. Local media, citing the lawsuit, said the transfers in question occurred between 2018 and 2021 and involved assets such as $BTC , $ETH , $XRP , and Polygon. The audit findings also point to these funds having been used for trading operations on external platforms—if true, that would mean customer assets were being used as a “proprietary account.”
216
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Trending Topics
1
#FedRateWatch
65,823 views
393 Discussing
2
#BitcoinReboundsTo$79K
37,373 views
300 Discussing
3
#BessentEndorsesFinalClarityActDraft
5,852 views
196 Discussing
4
#ZamaOpens16ConfidentialMorphoVaults
2,879 views
112 Discussing
5
#USDCOnChainVolumeTops$100Trillion
649 views
25 Discussing
6
#BitcoinSpotETFsNetInflow$160M
1,586 views
77 Discussing
7
#SouthKoreaCryptoTaxDelayPetitionTops50000
29,807 views
804 Discussing
8
#SolanaTransactionV1GoesLiveOnMainnet
21,352 views
534 Discussing
9
#RussianCentralBankFlagsCryptoAsFinancialRisk
15,546 views
440 Discussing
10
#GrayscalePutsXRPAt26.11%InAdvisorPortfolio
34,784 views
584 Discussing