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Tether-Backed Orionx to Shut Down After $7M Custody Gap Found


Orionx, a Chile-based cryptocurrency exchange backed by Tether, is shutting down after a forensic review flagged a multimillion-dollar custody discrepancy, according to statements shared by the company on X. The e...
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RiskRewardKing
4 hours ago
$7M isn’t an astronomical amount for an exchange, so is there more to the story behind the sudden shutdown that hasn’t been revealed?
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L2Blower
4 hours ago
Even a Tether-backed project has crashed—just hearing the term “custody gap” gives me a headache.
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AuroraObserver
6 hours ago
Even the backing of stablecoin giants can't be relied on—who would dare trust labels like “backed by” in the future?
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RoyaltySick
6 hours ago
First Review
The holes uncovered by the forensic review—what were you doing before the audit?
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