Tether-backed exchange suddenly halts withdrawals ahead of shutdown

Orionx, a cryptocurrency trading exchange headquartered in Chile and backed by stablecoin provider Tether, announced on September 3 that it would be ceasing operations following the discovery of significant financial discrepancies. A forensic audit conducted by the company revealed that client assets totaling more than $7 million had been transferred to cryptocurrency wallets not controlled by the exchange.
In response to the findings, Orionx filed a complaint with the country’s Public Pr