POPA ReconTether-Backed Chilean Exchange Orionx Shuts Down After $7M Asset Shortfall
Tether-Backed Chilean Exchange Orionx Shuts Down After $7M Asset Shortfall Chilean crypto exchange Orionx has begun a permanent shutdown and suspended all withdrawals after a forensic audit found more than $7 million in customer assets moved to wallets outside the company's control. Tether had exclusively led the exchange's Series A round in June 2025. Orionx has filed criminal complaints against co-founders Roberto Zibert and Joaquin Diaz over alleged transfers of BTC, ETH, XRP and POL between 2018 and 2021, both of whom deny any wrongdoing. Chile's financial regulator had already rejected…
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