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Crypto· Exchanges

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

Chilean crypto exchange Orionx, which received backing from Tether in June 2025, is shutting down after a forensic audit discovered over $7 million in customer assets had been moved to wallets outside the platform's control. The company filed a criminal complaint against two co-founders and has suspended withdrawals while attempting to return remaining customer funds.

about 18 hours ago

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