Celsius Bankruptcy Stings Caisse After $150 Million Investment

Jul 21,2022
KingData News: 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.
On June 13, digital asset lending platform Celsius Network announced that it would suspend all withdrawals, swaps and transfers between accounts due to extreme market conditions. On the same day, Etherscan data showed that Celsius transferred a total of approximately 111,815 ETH to FTX over the last three days. This indicator provides a real-time tracking of Celsius' funding crisis.