Share this article

Crypto Exchange Catalyx Suspends Trading, Withdrawals Following 'Security Breach'

The Canadian exchange suffered a security break earlier this month, resulting in the loss of an unknown amount of customer funds.

By Elizabeth Napolitano|Edited by Danny Nelson

Updated Mar 8, 2024, 7:13 p.m. Published Dec 28, 2023, 10:32 p.m.

Canadian regulators ordered a freeze on Catalyx recently.

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.

STORY CONTINUES BELOW

Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

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.

Canada Exchange Hacks

Elizabeth Napolitano

Elizabeth Napolitano was a data journalist at CoinDesk, where she reported on topics such as decentralized finance, centralized cryptocurrency exchanges, altcoins, and Web3. She has covered technology and business for NBC News and CBS News. In 2022, she received an ACP national award for breaking news reporting.