Overview
- Orionx's chief operating officer flagged a mismatch on August 27, prompting an internal review and an external forensic audit that confirmed a custody gap of more than $7 million.
- The exchange announced a permanent closure and froze withdrawals on Thursday, September 3, leaving over 100,000 registered users with suspended access to their accounts while a phased restitution plan is implemented.
- The forensic report traced transfers of customer assets to wallets outside Orionx's control and identified missing holdings in Bitcoin, Ethereum, XRP, Polygon (MATIC) and large stablecoin balances from transfers dated 2018–2021.
- Orionx filed criminal complaints on September 2 naming co‑founders Joaquín Díaz and Roberto Zibert as parties of interest, and both men have denied the allegations as prosecutors review the case.
- Chile's Financial Market Commission rejected Orionx's license application in June 2026 and will not oversee the closure, and the exchange's June 2025 Series A backing by Tether has renewed questions about investor due diligence and regional regulatory gaps.