orionx

According to Bitcoin.com, the Chilean cryptocurrency exchange Orionx announced the cessation of operations and the suspension of user withdrawals. A forensic audit revealed that over 7 million dollars in custodial assets were transferred to wallets outside the company's control, creating a funding gap.Orionx accused two founding partners, Joaquín Díaz and Roberto Zibert, along with other former employees, of being involved in the related transactions and has reported the matter to the Chilean National Prosecutor's Office. The related complaint alleges 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 its operations did not comply with the provisions of the Financial Technology Law. Orionx stated that it could not guarantee users the recovery of all funds.

ChainCatcher news, Tether announces investment in Orionx. Orionx is one of Chile's leading digital asset trading platforms and a financial infrastructure company focused on cross-border payments.This investment highlights Tether's ongoing commitment to promoting financial inclusion and strengthening the resilience of digital payment channels in emerging markets.

According to CoinDesk, Bitfinex has invested in the Chilean cryptocurrency exchange OrionX, aiming to establish a presence in the Latin American market. The amount of the investment has not been disclosed. OrionX was founded in 2017 and provides cryptocurrency trading and wallet services in Chile, with plans to expand to Peru, Colombia, and Mexico. (Source link)