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  • Crypto Exchange Catalyx Suspends Trading, Withdrawals Following ‘Security Breach’
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Crypto Exchange Catalyx Suspends Trading, Withdrawals Following ‘Security Breach’

cryptovert December 29, 2023 1 min read

The
company
behind
Canadian
crypto
exchange
Catalyx
has
frozen
all
trading,
deposits
and
withdrawals
following
a
security
breach
that
involved
the
loss
of
some
customer
funds.

CatalX
CTX
Ltd.
said
in
a

press
release

that
it
has
opened
an
investigation
into
the
incident,
which
may
involve
an
employee.
It
did
not
say
how
much
money
was
suspected
to
have
been
lost.

Last
week,
Canadian
regulators

ordered

Catalyx
to
cease
all
trading
of
crypto
contracts
and
opened
its
own
investigation
into
the
company.
CEO
Jae
Ho
Lee
consented
to
the
Alberta
Securities
Commission’s
15
day
freeze
order,
which
expires
on
January
5.

Edited
by
Danny
Nelson.

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