{"id":653857,"date":"2026-09-06T09:53:38","date_gmt":"2026-09-06T09:53:38","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/09\/06\/tether-backed-orionx-to-shut-down-after-audit-flags-7m-custody-gap\/"},"modified":"2026-09-06T09:53:38","modified_gmt":"2026-09-06T09:53:38","slug":"tether-backed-orionx-to-shut-down-after-audit-flags-7m-custody-gap","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/09\/06\/tether-backed-orionx-to-shut-down-after-audit-flags-7m-custody-gap\/","title":{"rendered":"Tether-backed Orionx to shut down after audit flags $7M custody gap"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/2026\/09\/01M1TTSPPYA631ETX2200VF1YM\/orionx1.png\" alt=\"Tether-backed Orionx to shut down after audit flags $7M custody gap\" class=\"type:primaryImage\" \/><\/p>\n<p>Tether-backed Orionx is permanently closing after an audit found more than $7 million in customer assets had moved to wallets outside its custody.<\/p>\n<p>Orionx, a Chilean crypto exchange backed by USDt stablecoin issuer Tether, is shutting down after uncovering a multimillion-dollar issue linked to asset custody.<\/p>\n<p>The exchange said it began a permanent closure process after a forensic audit found more than $7 million in custodial assets had moved to wallets it did not manage, <a href=\"https:\/\/x.com\/orionx\/status\/2095572606158307455\" rel=\"noopener noreferrer\" target=\"_blank\">according<\/a> to a company announcement shared on X on Thursday.<\/p>\n<p>\u201cOur sole priority now is to return as much of our clients\u2019 assets as possible,\u201d Orionx said, adding that withdrawals are temporarily suspended.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/orionx-shut-down-7-million-move-outside-wallets\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Tether-backed Orionx is permanently closing after an audit found more than $7 million in customer assets had moved to wallets outside its custody. Orionx, a Chilean crypto exchange backed by USDt stablecoin issuer Tether, is shutting down after uncovering a multimillion-dollar issue linked to asset custody. The exchange said it began a permanent closure process [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":653859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-653857","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/653857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=653857"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/653857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/653859"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=653857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=653857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=653857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}