Canadian Crypto Exchange Catalyx Suspends Services Due to Security Breach and Regulatory Investigation
Dec 29, 2023
Canadian crypto exchange Catalyx temporarily suspends all trading, deposits, and withdrawals after a security breach resulted in customer fund losses. An ongoing investigation, possibly involving an employee, is in progress, with the exact amount of losses undisclosed. Regulators have ordered Catalyx to cease crypto contract trading, and CEO Jae Ho Lee has accepted a 15-day freeze order from the Alberta Securities Commission, effective until January 5.