Catalyx Suspends Trading and Withdrawals Following Security Breach; Possible Employee Involvement Investigated
Summary:
Following a suspected "security breach," possibly involving an employee, Canadian crypto exchange Catalyx has temporarily stopped all trading and withdrawals on its platform. The company has not disclosed the quantity of lost digital assets and is investigating the breach with help from consulting firm Deloitte. Regular updates are being provided on the platform's official website.
In the wake of detecting a "security breach," Catalyx, a Canadian cryptocurrency exchange, has temporarily shut down all trading activities and paused withdrawals on its platform. The breach, which may implicate a staff member, resulted in the loss of some of the digital assets that Catalyx held for its clientele, as indicated in their official statement on December 28. The exact quantity of the lost cryptocurrency remains undisclosed.
The implications of this breach have led to the suspension of all withdrawal transactions, both with cryptocurrency and traditional currency, from the platform. The Alberta Securities Commission, in response to the incident, issued a cease trading order to Catalyx, to which it complied.
To fully understand the extent and source of this security breach, Catalyx is conducting an investigation. Deloitte, a consultancy firm, has been employed to assist with this process. A banner on the Catalyx official website is presently informing users about "technical difficulties" being experienced, advising them that they would be notified when the platform is fully functional again. More details will be shared as the situation unfolds.
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Published At
12/29/2023 2:42:27 AM
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