Home / News / Tether-backed Orionx to shut down after audit flags $7M custody gap

Tether-backed Orionx to shut down after audit flags $7M custody gap

Tether-backed Orionx is permanently closing after an audit found more than $7 million in customer assets had moved to wallets outside its custody.

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Crypto· September 06, 2026 at 09:07 AM
Authored by·Editorially reviewed
Onur Erkan Yıldız
Founder, Financial Engineer · CMB-licensed
NeutralMedium impact

AI summary

Tether-backed Orionx is permanently closing after an audit found more than $7 million in customer assets had moved to wallets outside its custody.

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