Orionx Shuts Down After Audit Finds $7M Custody Gap — SkimNews
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- Orionx is shutting down after an audit flagged a $7 million gap in customer asset custody
- Founded in Chile in 2017, Orionx grew from a retail crypto exchange into a platform offering crypto payment and financial services across Chile, Peru, Colombia, and Mexico
- Tether exclusively led Orionx's Series A funding round in June 2025 — but the announcement of that investment has since been removed from Tether's website (an archived version still exists)
- Co-founders Roberto Zibert and Díaz denied the allegations, saying they never acted against customers' interests and that the cause of the asset shortfall remains unclear
- Tether and Orionx declined to respond to Cointelegraph's requests for comment before publication
Why it matters: Tether's exclusive lead of Orionx's Series A just five months before the $7 million custody gap surfaced — and Tether's silent treatment of media inquiries plus the apparent removal of its own investment announcement — leaves customers across four Latin American countries facing losses with no named explanation of where the funds went.
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