Every story we've covered involving asset-custody.
Chilean cryptocurrency exchange Orionx has halted customer withdrawals and begun winding down operations after discovering more than $7 million in custodied assets were transferred to wallets outside company control. A forensic audit identified significant discrepancies in Bitcoin, Ether, XRP, and Polygon holdings, leading the company to file a criminal complaint against two former executives. Chile's financial regulator indicated it lacks authority over the exchange and cannot mandate customer refunds, directing affected users to pursue claims through courts or directly with the company.
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