Cryptocurrency Exchange

CatalX CTS announces crypto asset security breach

CatalX CTS Ltd., a Canadian crypto trading platform, has claimed that its clients’ crypto funds were compromised as a result of a cyber-attack. This was witnessed by management-level executives, who attributed it to an unidentified employee.

Currently, they are assuming the loss to be a significant segment of the crypto assets within the company’s fold and belong to their clients. The Alberta Securities Commission issued an order on December 21, 2023, and the company agreed to cease trading. This was meant for the company as well as Jae Ho Lee. 

At this time, the organization is actively engaged in a comprehensive inquiry and has retained the expertise of Deloitte LLP to handle the forensic aspects of the situation and reveal the underlying truth.

Due to the regrettable loss, all withdrawals of cryptocurrencies and fiat currencies associated with the platform have been halted. In addition to that, the platform’s trading practices are also included. After obtaining the findings of the inquiries, they will subsequently reveal their subsequent course of action.

Jason Palmer

Jason Palmer joined CoinNewsSpan as an editor and analyst. He has over five years of experience as a forex analyst. He holds a master's degree in business administration with specialization in finance. He is actively involved in analyzing the prevalent crypto trends. He has a keen interest in commodities and forex trading.

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