Tether-backed Orionx to shut down after audit flags $7M custody gapSeptember 6, 2026 Orionx, a Chilean crypto exchange backed by USDt stablecoin issuer Tether, is shutting down after uncovering a multimillion-dollar issue linked to asset custody.
Orionx Exchange, Supported by Tether, Halts OperationsSeptember 6, 2026 Tether-backed Orionx exchange shuts down after a $7 million asset shortfall. This raises concerns about the stability of crypto exchanges.
