Tether-backed Orionx reportedly closes after audit identifies a $7M custody gap
Tether-backed Orionx is reported to be permanently closing after an audit found more than $7 million of customer assets had moved to wallets outside its custody, according to Cointelegraph [1].
Crypto Briefing also reported Orionx shut down after the audit revealed a $7 million custody gap, framing the issue as a need for stringent regulatory oversight and robust internal controls [2].
Bitcoin.com News reported that Orionx halted operations after an audit uncovered a $7 million financial hole, and included an image of a message attributed to Orionx [3].
A low-authority report similarly said Orionx would shut down after a $7 million custody gap was found [4].
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- 1Tether-backed Orionx to shut down after audit flags $7M custody gapCointelegraph• Sep 6, 2026
- 2Orionx shuts down after audit reveals $7M custody gapCrypto Briefing• Sep 6, 2026
- 3Orionx Halts Operations After Audit Uncovers $7M Financial HoleBitcoin.com News• Sep 6, 2026
- 4Tether-Backed Orionx to Shut Down After $7M Custody Gap FoundCrypto Breaking News• Sep 6, 2026
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