Canadian Bitcoin Exchange CAVIRTEX Ceases Business Operations

Canadian Bitcoin Exchange CAVIRTEX Ceases Business Operations

Canadian Bitcoin exchange CAVIRTEX announced to freeze its trading operations, citing security concerns. According to the company's Feb 17th blogpost, their older database, which included details related to 2FA secrets and hashed passwords, was breached recently. Following the incident, CAVIRTEX froze active trading operations on its platform and decided to reimburse all customers' funds. The aim was to fall bravely, rather than stand shamelessly. "We believe that the damage to the company's reputation caused by the potential compromise will significantly harm our ability to continue to....


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