Testimony before prosecutors reveals the internal plot of the multimillion-dollar fraud at OrionX
The criminal case file for OrionX runs to nearly five thousand pages. The cryptocurrency platform announced on September 3 the closure of its operations after detecting a fraud with a loss of US$7 million. CEO Joel Vainstein testified that he took over as general manager in January 2025 and detected withdrawals to personal accounts by then-head of operations Rodrigo Caravantes, who returned $59 million. He also reported balance-sheet discrepancies that founders Roberto Zibert and Joaquín Díaz failed to explain. Both were sued by the company and in turn alleged threats to sell their shares.
In 45 seconds
- OrionX closed operations on September 3 after detecting a fraud with a loss of US$7 million.
- CEO Joel Vainstein described withdrawals to personal accounts by Rodrigo Caravantes, then head of operations, who returned $59 million.
- Management reported balance-sheet discrepancies that founders Roberto Zibert and Joaquín Díaz did not explain, according to the testimony.
Read the full story at La Tercera
IASummary generated by artificial intelligence from a story by La Tercera. It may contain errors: the original source prevails.
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