Orionx Shutdown: $7M Shortfall Prompts Criminal Complaint Against Founders
Orionx halts withdrawals and begins shutdown after audit shows client assets moved to external wallets; criminal complaint filed against co-founders.
Orionx, a Chilean crypto exchange, announced on Sep 3 that it is shutting down after a forensic audit confirmed more than $7 million in client assets had been transferred to wallets outside company control.
The exchange filed a complaint with the Public Prosecutor and a criminal lawsuit against co-founders Joaquín Díaz and Roberto Zibert. Withdrawals were suspended to avoid unequal client access during the closure process, and a restitution plan has been reported to authorities.
Discrepancies were identified in BTC, ETH, XRP and POL holdings, with further analysis continuing on other assets. The exact final shortfall amount and asset mix remain under review, and no recovery timeline or restitution percentages have been disclosed.
Díaz and Zibert have denied the allegations, stated they are cooperating, and requested an independent investigation.