Canadian crypto exchange Catalyx has temporarily suspended trading and withdrawal services on its platform following what the company termed a “security breach.” The security breach came to light last week, prompting Canadian regulators, including the Alberta Securities Commission, to issue a cease-and-desist order against the exchange. CataX CTS Ltd, the Calgary-based company operating cryptocurrency trading platform Catalyx, has suspended trading and fund withdrawals at the exchange.

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 this action. The company behind Canadian crypto exchange Catalyx announced via a press release on Thursday that it has suspended all trading deposits and withdrawals following the incident.

CatalX, a Canadian cryptocurrency trading platform, has suspended all trading activities and withdrawals after discovering a security breach that resulted in the loss of client crypto assets. The immediate halt aims to secure the remaining assets and conduct a thorough investigation. Stay updated on the Catalyx security breach and the ongoing regulatory response.