Canadian crypto exchange platform stopped trading due to unauthorized access

[Cryptocrit]

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Canadian cryptocurrency exchange called Cataclyx has made a big decision. They've stopped all trading and withdrawals because they suspect a security breach. Cataclyx is investigating the issue, and they think it might involve their own employees. This situation has led to the loss of some crypto assets that belonged to the people using Cataclyx.

This unexpected turn of events happened after a regulatory group called the Alberta Securities Commission told Cataclyx to stop trading. They're worried about how Cataclyx is doing things. The regulators are looking into whether one of Cataclyx's employees might have caused the security breach that led to the loss of part of the crypto assets held by Cataclyx for its users.

https://www.cryptocrit.xyz/2024/01/canadian-crypto-exchange-platform.html

[Husires]

Your site loads slowly and there are thousands of ads and pop-ups that appear, making reading the news a difficult and almost impossible task. Reduce the number of ads. I searched for the source of the news and found that it was a little old, about 5 days ago. These are the links to the news and the official announcement.

https://www.newswire.ca/news-releases/catalx-cts-ltd-announces-security-breach-loss-of-crypto-assets-and-ongoing-investigation-805146446.html
https://www.coindesk.com/policy/2023/12/28/crypto-exchange-catalyx-suspends-trading-withdrawals-following-security-breach/

The freeze on deposits will end on January 5, and then we will know whether there will be losses to user deposits or whether fines will be imposed on the platform and its licenses will only be checked.