Canadian Crypto Exchange Catalyx Freezes Trading, Deposits and Withdrawals After Security Breach
Catalyx, a Canadian cryptocurrency exchange, has halted all trading, deposits, and withdrawals after experiencing a security breach that resulted in the loss of customer funds. The company, CatalX CTX Ltd., is conducting an investigation into the incident, which may involve an employee. The amount of money lost has not been disclosed. Last week, Canadian regulators ordered Catalyx to cease all trading of crypto contracts and initiated their own investigation. CEO Jae Ho Lee agreed to the Alberta Securities Commission's 15-day freeze order, which will end on January 5th.
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