“This is something that we take very seriously, and we will provide further comment at the appropriate moment. Celsius is currently engaged in a complex process that will take time to resolve,” a Caisse spokesperson told Bloomberg in July.
This month, the pension fund is anticipated to present its mid-year report, which will detail the extent of the impact.
The Caisse praised the bitcoin lender at the time of the investment, referring to them as a “leading worldwide cryptocurrency earning and borrowing platform.”
According to reports, the investment would go toward “expanding [Celsius’] goods and solutions, linking traditional capital markets with those of the cryptocurrencies.”
With a debt to creditors and customers of over $5.5 billion, Celsius’ tragic end in July of this year had devastating financial repercussions throughout the cryptocurrency world and related industries.
