Chilean cryptocurrency exchange Orionx has stopped operating and frozen user withdrawals after a forensic audit found that more than $7 million in custodial assets had been moved to wallets outside the company’s control, creating a funding gap. Orionx said it has filed a complaint with Chile’s national prosecutor, accusing founding partners Joaquín Díaz and Roberto Zibert, along with other former employees, of taking part in the transactions. The complaint says the transfers took place between 2018 and 2021. Chile’s Financial Market Commission, or CMF, said Orionx was not authorized to provide cryptocurrency financial services and that its operations did not comply with the country’s Fintech Law. The exchange also said it cannot guarantee that users will recover all of their funds. Bitcoin.com News was cited as the source in the original report.
Chilean cryptocurrency exchange Orionx said it has ceased operations and suspended user withdrawals.
A forensic audit found that more than $7 million in custodial assets had been transferred to wallets outside the company’s control, leaving a shortfall.
Orionx accused founding partners Joaquín Díaz and Roberto Zibert, as well as other former employees, of involvement in the transactions. The company said it has filed a complaint with Chile’s national prosecutor. The complaint alleges the transactions took place between 2018 and 2021.
Chile’s Financial Market Commission (CMF) said Orionx was not authorized to provide cryptocurrency financial services and that its operations did not comply with the Fintech Law.
Orionx also said it cannot guarantee that users will recover all of their funds.
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