Orionx Halts Operations After Audit Uncovers $7M Financial Hole

Tether-backed Orionx is permanently shutting down operations and halting customer withdrawals following an audit. The investigation revealed a financial hole exceeding $7 million, where custodied assets were moved to external wallets through unknown transactions. Orionx has accused founding partners Joaquín Díaz and Roberto Zibert of participating in these unauthorized movements. This closure follows the discovery of the significant custody gap, ending the exchange's activities after the audit flagged the missing customer funds.