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Tether-backed Chilean crypto exchange Orionx announces closure and halts withdrawals due to a $7 million client asset shortfall.
Tether-backed Chilean crypto exchange Orionx announced its closure on September 3, following an audit that revealed a $7 million shortfall in client assets, which had been transferred to wallets not managed by the company. Orionx has suspended withdrawals and filed a lawsuit with the Public Prosecutor's Office, along with criminal charges against co-founders Joaquín Díaz and Roberto Zibert. Orionx stated that its top priority is to return assets to clients as quickly and fairly as possible, and it has reported its asset liquidation and compensation plan to the authorities. The two co-founders have denied the allegations and stated they are cooperating with the investigation.
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