Tether-Backed Orionx Chile Exchange Begins Permanent Shutdown After $7M+ Shortfall

Chilean crypto exchange Orionx has begun a permanent shutdown after a forensic audit found more than $7 million in customer assets moved to wallets outside company control. Withdrawals are suspended. Orionx filed criminal complaints against co-founders who deny wrongdoing.

Editor

Sep 7, 2026 · 2mo ago

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Tether-Backed Orionx Chile Exchange Begins Permanent Shutdown After $7M+ Shortfall

Chilean crypto exchange Orionx has begun a permanent shutdown after a forensic audit found that more than $7 million in customer assets had been transferred to wallets outside the company’s control. That is Wu Blockchain.

Withdrawals are suspended. Orionx has filed criminal complaints against co-founders Roberto Zibert and Joaquín Díaz over alleged transfers of BTC, ETH, XRP, and POL between 2018 and 2021. Both deny wrongdoing, Wu writes.

Regulator and Tether backdrop

Chile’s financial regulator rejected Orionx’s registration application in June 2026. Tether invested in Orionx in June 2025, exclusively leading its Series A round, though Wu notes the original announcement is no longer available on Tether’s website.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.

Written and fact-checked with AI assistance, reviewed by a human editor before publication.

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