ASC probes CatalX CTS Ltd., an Alberta crypto-asset trading platform and its top executives over allegations of breaching securities laws by misappropriating over CAD 14M in client assets

The ASC claims funds were diverted to personal accounts starting in 2019, with the company failing to report the fraud promptly and lacking adequate safeguards to prevent misuse. A hearing is scheduled for September 2025, highlighting growing regulatory scrutiny over crypto platforms and their custodial responsibilities in Canada…