Catalyx, a Canadian cryptocurrency exchange, has stopped users from withdrawing their funds and paused all buying and selling on its site due to a suspected “security issue.”
The company believes the problem might involve one of its staff members and could have led to the loss of some digital assets owned by its users.
In a statement on December 28, Catalyx shared their concerns about this potential breach involving an employee. Earlier, on December 21, the Alberta Securities Commission had already told Catalyx to halt all trading activities and began looking into the matter.
Catalyx hasn’t disclosed the extent of their cryptocurrency losses from the security breach. They have suspended all cryptocurrency and fiat currency withdrawals and ceased trading activities on their platform.
To fully grasp the situation and assess the damages, Catalyx is conducting an internal investigation and has enlisted the expertise of Deloitte, a consulting firm, to help determine the root cause.
The Catalyx website now displays a notice saying it’s experiencing “technical issues.” They promise to notify users once everything is back to normal.
Also Read: India FIU Issues Show Causes Notice to 9 Crypto Exchanges
