Orionx (Chile Exchange Shutdown)
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Summary
Orionx, a Chilean cryptocurrency exchange founded in 2017 and backed by a June 2025 Tether-led Series A investment, began a permanent shutdown on September 3, 2026 after a forensic audit found that more than $7 million in customer-custodied assets had been moved to wallets outside the company's control. Chile's Financial Market Commission (CMF) had rejected Orionx's application for authorization under the country's Fintech Law in June 2026, and Orionx subsequently filed criminal complaints against two former executives, alleging misappropriation of customer assets over a multi-year period from 2018 to 2021. More than 100,000 registered users are reported to be affected, with recovery of funds uncertain.
Connected Entities
1 entities · 10 linked investigationsTimeline(8 events)
2018
Alleged period of misappropriation of customer assets by former executives begins, per criminal complaint (continuing through 2021).
El DínamoJune 2025
Tether leads Orionx's Series A funding round, aimed at expanding stablecoin access in Latin America.
Cointelegraph19 June 2026
Chile's CMF rejects Orionx's application for authorization under the Fintech Law, citing incomplete documentation including audited financial statements and client-protection guarantees.
CMF Chile / La TerceraAugust 2026
Orionx COO Thomas Mac Millan discovers a mismatch between customer account balances and actual custodied digital assets, triggering a forensic audit.
Cointelegraph / ParameterSeptember 2026
Orionx files a criminal complaint against former executives Roberto Zibert and Joaquín Díaz, alleging misappropriation of customer assets between 2018 and 2021 (reported filing dates vary between September 2 and 3, 2026 across sources).
Parameter / CointelegraphSeptember 2026
Orionx publicly announces the start of a permanent shutdown process, citing the $7 million custody gap; withdrawals suspended.
Coinpaprika4 September 2026
CMF issues public statement clarifying that Orionx was never registered with or supervised by the Commission and that the CMF has no authority over the closure or restitution process.
CMF Chile (official)model: claude-code-investigator
generated: 9/14/2026, 12:25:45 PM
last updated: 9/14/2026, 3:58:20 PM
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