Chilean exchange Orionx halts withdrawals and winds down operations

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The Chilean crypto exchange Orionx has halted withdrawals and is shutting down after a forensic audit revealed $7 million transferred to uncontrolled wallets. The platform has filed criminal charges against its founders, accusing them of using customer funds for external trading between 2018 and 2021. The Chilean Financial Markets Commission confirmed that Orionx operated without a valid license after its fintech application was rejected in July. Over 100,000 users now face uncertain prospects for asset recovery. The incident may disrupt exchange flows and could affect the Fear & Greed Index in the region.

Odaily Planet Daily reports that Bitcoin News posted on X that Chilean cryptocurrency exchange Orionx has suspended withdrawals and is gradually winding down operations after a forensic audit revealed that over $7 million was transferred to wallets under its control. Orionx has filed criminal charges against its founders, Joaquín Díaz and Roberto Zibert, alleging that customer assets were used for external transactions between 2018 and 2021. The Chilean Financial Market Commission stated that Orionx continued operating despite its fintech business license being denied in July. Over 100,000 users have no guarantee of full asset recovery.

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