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.
E
Editor
Sep 7, 2026 · 53m ago
1 min read2 views
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.
The National Sheriffs’ Association is shifting from opposition to neutral on the CLARITY Act ahead of the Sept 15 Senate cloture vote. The group will tell lawmakers it is stepping back, not endorsing. Ethics questions on official crypto profits remain the main obstacle.
U.S. Senator Cynthia Lummis said that if the CLARITY Act does not pass during the current Congress, the next real opportunity for market structure legislation may not come until 2030. She said finishing the bill now could avoid years of lost jobs, investment, and tax revenue.
Blockchain investigator ZachXBT said multiple verified WOO X users reported withdrawals stuck in pending or processing for days. WOO X said it is reviewing delays and revised earlier legal-threat language. Ownership ties to FusionX and BitMart’s founder were questioned.