# 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.

- Published: 2026-09-08T05:45:27.037Z
- Canonical: https://polylog.news/crypto/2026-09-08/two-sets-of-depositors-cannot-withdraw-one-from-a-custodian
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/tether-backed-crypto-exchange-freezes-withdrawals-after-7-million-leaves-custody/), [CryptoSlate](https://cryptoslate.com/lending-protocol-offers-bad-debt-fix-while-trapped-depositors-face-missing-usdc-funds-and-zero-cash-access/)

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…

This story is for subscribers. Read it in full at https://polylog.news/crypto/2026-09-08/two-sets-of-depositors-cannot-withdraw-one-from-a-custodian (subscription information: https://polylog.news/pricing).