Crypto
Orionx Exchange Shuts Down Amid $7 Million in Unauthorized Transfers
The Chilean cryptocurrency exchange Orionx has permanently shut down its operations following a forensic audit that revealed over $7 million in customer assets were transferred to unauthorized wallets.
The exchange's co-founders, Roberto Zibert and Joaquín Díaz, deny any wrongdoing but have filed criminal complaints against themselves as part of the investigation.
The shutdown raises concerns about the stability of exchanges linked to major players like Tether, particularly in an environment where the broader crypto market is already showing mixed signals.