Canadian crypto exchange platform stopped trading due to unauthorized access

[Cryptocrit]

Canadian cryptocurrency exchange called Cataclyx has made a big decision. They've stopped all trading and withdrawals because they suspect a security breach. Cataclyx is investigating the issue, and they think it might involve their own employees. This situation has led to the loss of some crypto assets that belonged to the people using Cataclyx.

This unexpected turn of events happened after a regulatory group called the Alberta Securities Commission told Cataclyx to stop trading. They're worried about how Cataclyx is doing things. The regulators are looking into whether one of Cataclyx's employees might have caused the security breach that led to the loss of part of the crypto assets held by Cataclyx for its users.

Read more:
https://www.cryptocrit.xyz/2024/01/canadian-crypto-exchange-platform.html

[joniboini]

Is this really a new activity, or you just reported their last social media message? From their Twitter and Instagram, it seems like the last time they updated their customer was in March 2023, which is nearly one year old at this point. Kinda odd if they keep everyone in the dark for months and then go on technical difficulties again without any update on social media. I can't check on their website too since they don't offer any updates on their platform, and keep posting other news instead.