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Tether-backed Orionx to shut down after audit flags $7M custody gap

MonitoringCryptoSecurity incidentFirst tracked 2026-09-06Last changed 2026-09-06

Current outcome

Tether-backed Chilean exchange Orionx is permanently closing after a forensic audit found over $7 million in customer assets moved to wallets outside its custody, with withdrawals suspended.

Progress timeline

1 material updates
  1. #01
    Initial2026-09-06 09:07 · publication time

    Tether-backed Orionx to shut down after audit flags $7M custody gap

    Tether-backed Chilean exchange Orionx is permanently closing after a forensic audit found over $7 million in customer assets moved to wallets outside its custody, with withdrawals suspended.

    Source evidence: Cointelegraph · CryptoSlate

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