A forensic audit confirmed the existence of transactions involving the withdrawal of assets in custody to wallets not administered by the company for a sum exceeding US$7 million. ^[1] Joel Vainstein, co-founder of OrionX, met with employees and notified clients of the company's closure due to detected irregularities in the system amounting to US$7 million. ^[2] Bitcoin is heading for its third straight winning week, up 4.6% week to date, and hit a high of $82,272.31 overnight, its highest level since May 11, when it peaked at $82,499.99. ^[3] A forensic audit detected a balance sheet discrepancy affecting four cryptocurrencies-Bitcoin, Ether, Ripple, and Polygon-that were registered as available in OrionX systems but could not be verified on the blockchain. ^[4] Bitcoin had traded in a range of $60,000 to $70,000 since early June before breaking above $70,000 in late August, and has continued to climb as the debasement trade regained momentum. ^[5] Dominika Nestarcova, Goldman Sachs executive director of digital assets, said in a Thursday note that the price breakout came with the re-emergence of the debasement trade, citing the U.S. Treasury's announcement to increase purchases of longer-dated Treasuries, falling long yields, a weaker dollar, and higher BTC and gold. ^[6] Solana jumped to about $105.70, its highest price since August 31. ^[7]