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Chilean Crypto Platform Orionx Shuts Down After Audit Uncovers $7 Million Shortfall In Customer Funds

Chilean Crypto Platform Orionx Shuts Down After Audit Uncovers $7 Million Shortfall In Customer Funds

Chilean cryptocurrency platform Orionx has begun a permanent shutdown of its business after a forensic review uncovered a shortfall exceeding seven million dollars in customer-held digital assets.

The company, which for years allowed users to buy, sell, and store cryptocurrencies, posted a notice on its website stating that the audit confirmed transfers of custodial holdings into wallets that Orionx itself did not control.

The platform immediately froze all withdrawals.

Management said the pause is intended to treat every account holder equally so that no one can withdraw ahead of others while the remaining assets are assessed.

Orionx has told clients it will try to return as much as possible, as quickly and fairly as circumstances…

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