Morning Edition · Tuesday, September 8, 2026Published at 1:45 AM EDT · New York

Two Sets of Depositors Cannot Withdraw, One From a Custodian and One From a Contract

Chile's Orionx froze withdrawals and began winding down after an audit found more than 7 million dollars had moved to outside wallets, while Moonwell's plan to cut bad-debt interest by 85 percent still leaves its USD Coin suppliers locked in.

Orionx, the Chilean exchange that Tether led a funding round into in June 2025, has frozen withdrawals and begun a permanent shutdown after a forensic audit found that more than 7 million dollars in customer assets had moved to wallets outs…