Canadian crypto exchange CatalX suspends services following security incident
Canadian cryptocurrency exchange CatalX halted operations following a suspected insider job that resulted in a “security breach.” CatalX CTS Ltd., the Canadian crypto exchange operator, said in a press release on Dec. 28 that it had suffered a “ security breach” resulting in the loss of crypto assets held on behalf of its clients. The breach, suspected to involve an employee, prompted the company to consent to a cease trade order issued by the Alberta Securities Commission, the exchange said. “Management suspects that this security breach, which may involve an employee, has resulted in the loss of a portion of the crypto assets held by the company on behalf of its clients.” CatalX You might also like: Canadians allocate over $1b in WonderFi’s two crypto exchanges As a response to the incident , CatalX has temporarily halted all crypto and fiat currency withdrawals from its platform, along with a suspension of all trading activities. T...