Orionx Shutting Down After Audit Flags $7M Custody Gap — SkimNews
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- Orionx is shutting down after an audit flagged a $7M custody gap at the crypto platform that operated in Chile, Peru, Colombia and Mexico.
- Former co-founder Roberto Zibert and executive Díaz denied the allegations, stating they never acted against customers' interests and that the cause of the shortfall remains unclear.
- Tether exclusively led Orionx's Series A funding round in June 2025, per an archived announcement that has since been removed from Tether's website.
- Neither Tether nor Orionx responded to Cointelegraph's request for comment by the time of publication.
Why it matters: Tether exclusively backed Orionx in a June 2025 Series A — roughly a year before the audited $7M custody shortfall triggered the shutdown. While the founders deny wrongdoing, the source notes the cause of the gap remains unexplained, leaving users across Chile, Peru, Colombia, and Mexico facing a platform wind-down with no recovery plan stated.
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