Browsing: trading suspension

In a move to address a significant security breach, Canadian cryptocurrency exchange Catalyx has taken the drastic step of suspending all trading activities and withdrawals on its platform. The breach, suspected to involve an internal actor, has caused undisclosed losses to the company’s crypto assets. Catalyx made the announcement on December 28th, revealing concerns over a potential breach perpetrated by one of its employees. The exchange did not disclose the extent of the losses incurred due to the breach. The suspension affects both cryptocurrency and fiat currency withdrawals, leaving users unable to access their funds temporarily. This decision comes in…

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