Orionx Ceases Operations, Over $7 Million Funding Gap
Chilean cryptocurrency exchange Orionx has announced the cessation of operations and the suspension of user withdrawals. A forensic audit revealed that over $7 million in custodial assets had been transferred to wallets outside the company's control, resulting in a funding gap. Orionx has accused two founding partners, Joaquín Díaz and Roberto Zibert, along with other former employees, of being involved in the transactions and has reported the matter to the Chilean National Prosecutor's Office. The related complaints allege that the transactions occurred between 2018 and 2021. The Chilean Financial Market Commission (CMF) stated that Orionx was not authorized to provide cryptocurrency financial services and that its operations did not comply with the provisions of the Fintech Law. Orionx has indicated that it cannot guarantee users will recover all their funds.
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