Catalyx cryptocurrency exchange halts all trading after security breach
CataX CTS Ltd., which operates Calgary-based cryptocurrency trading platform Catalyx, said Thursday that it has suspended trading and fund withdrawals from exchanges affected by a recent security breach.
The suspension follows a trading halt order issued by the Alberta Securities Commission on December 21 against the company and its co-founder, Chairman Jae-Ho Lee.
After a security breach resulted in the loss of some cryptocurrency assets for Catalyx customers, the company began investigating suspicions that its employees were involved in the incident.
CataX did not disclose the exact amount of its losses and did not immediately respond to The Block’s email inquiry for more details.
CataX said global financial audit firm Deloitte LLP would “provide forensic and investigative services to the company” to investigate the incident. The company said in a statement that it plans to update users after Deloitte completes its investigation.
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About the author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.
