Tether-backed Orionx shuts down after $7M+ custody…
The closure marks a rare failure for a Tether-affiliated exchange, raising questions about custody oversight at regional venues operating under the stablecoin giant's backing.
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The closure marks a rare failure for a Tether-affiliated exchange, raising questions about custody oversight at regional venues operating under the stablecoin giant's backing.
BitMart hasn't declared a liquidity shortfall, but Nansen-tracked ETH and stablecoin balances were drained before the closure notice and 58 wallets pulled just $805K in the first 24 hours, which is…
Roughly 30% of all Bitcoin in circulation lives in wallets whose public keys are already on-chain — and nearly half of exchange-held coins qualify as exposed under the same framework.