Cryptocurrencies
Celsius Bankruptcy Stings Caisse After $150 Million Investment
- Lender filed for Chapter 11 last week as crypto tumbled
- CDPQ’s $150 million investment in Celsius is in jeopardy
Photographer: Rafael Henrique/SOPA Images/LightRocket
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Quebec’s pension manager broke its silence about its investment in Celsius Network LLC, saying it will “take time” to resolve claims around the bankrupt cryptocurrency lender but admitting the investment didn’t pan out.
Caisse de Depot et Placement du Quebec invested $150 million in Celsius in October as part of a $400 million funding round co-led by WestCap Investment Partners LLC.