The Alberta Securities Commission (ASC) has permanently barred former Calgary crypto exchange Catalyx from operating and has fined its CEO $90,000 after the company allegedly mismanaged millions of dollars in client crypto assets. 

Many former Catalyx users have been waiting several years to be made whole, and some wonder if proper compensation can ever happen.

Operating from 2019 until 2024, Catalyx was shut down in December of 2023 by a cease-trade order from the ASC, following a security breach that resulted in the loss of millions of dollars in cryptocurrency assets. Under…