Tether-Backed OrionX Shuts Down Permanently Following $7 Million Asset Gap

OrionX, a Chilean cryptocurrency exchange backed by Tether, announced its permanent closure after an internal audit revealed a $7 million shortfall in customer assets. The audit found that balances recorded in the system exceeded actual holdings, with funds including BTC, ETH, XRP, and POL transferred to unmanaged wallets between 2018 and 2021. The company has filed criminal complaints against former co-founders Roberto Zibert and Joaquín Díaz, who deny the allegations. All withdrawal services have been suspended as the firm attempts to recover and return a