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      Orionx Suspends Withdrawals Amid Allegations of $7 Million Asset Transfers

      Chilean cryptocurrency exchange Orionx has halted customer withdrawals and initiated a wind-down process following a forensic audit that revealed over $7 million in custodied assets had been transferred to external wallets. The company stated that withdrawals are temporarily suspended as it begins the closure and restitution process. The Commission for the Financial Market (CMF) of Chile has clarified that it does not supervise the closure of Orionx and lacks the authority to mandate the return of customer funds, as the exchange is not registered or authorized by the regulator.

      In a criminal complaint filed with Chile's Public Prosecutor's Office, Orionx accused former executives Roberto Zibert and Joaquín Díaz of disloyal administration. The complaint alleges that significant amounts of cryptocurrency, including Bitcoin and Ether, were improperly transferred between 2018 and 2021. While Orionx's public notice indicated that the total transactions exceeded $7 million, the audit detailed in the complaint reported discrepancies totaling approximately $6.98 million, with a resulting loss estimated at around $6.07 million.

      The CMF had previously rejected Orionx's application for registration under Chile's Fintech Law, which limited the company to concluding existing operations. Customers are advised to submit claims directly to Orionx and retain documentation of their balances. The CMF also noted that customers could pursue restitution through Chilean courts or report any suspected crimes to judicial authorities. Orionx's restitution process is currently in its initial stage, with plans to reconcile balances and develop a restitution plan for affected customers.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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