Catalyx Crypto Exchange Suspends Services Following Data Breach, India Blocks Top Exchanges


Catalyx, a Canadian cryptocurrency exchange founded in 2018, has recently halted its services due to the detection of a security breach. Calgary-based CataX CTS Ltd, the platform’s owner/operator, confirmed the breach in a press release, suspecting that it may be related to an employee. The exact amount of crypto assets lost has not been disclosed.

In response to the incident, the Alberta Securities Commission issued a cease trade order to Catalyx and its co-founder Jae Ho Lee on December 21st and launched an investigation to the matter. Moreover, CataX CTS has retained Deloitte LLP to provide forensic and investigative services to the company.

Withdrawals from the platform and all trading activities have been suspended until the conclusion of Deloitte LLP’s investigation, which will provide an update to clients. The homepage of the exchange now includes an advisory, informing about technical difficulties.

India’s Financial Intelligence Unit (FIU) recently announced that it has issued compliance notices to nine foreign virtual digital asset service providers (VDA SPs). The list includes Binance, KuCoin, Huobi, Kraken,, Bittrex, Bitstamp, MEXC Global and Bitfinex. All of these companies have been accused of operating illegally and violating Anti-Money Laundering regulations.

FIU has asked the Ministry of Electronics and Information Technology to block the URLs for these companies, in order to prevent their websites from being accessed by crypto traders in India.

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