Why did Quebec's $303 billion pension fund write off Celsius Network?

Get new users downloading your project releases today! Quebec's $303 billion pension manager has written off its stake in bankrupt cryptocurrency lender Celsius Network, with its chief executive officer conceding the fund invested "too soon" in the sector.

Is Quebec's $303 billion pension fund 'too soon' to invest in cryptocurrencies?

Quebec’s $303 billion pension manager has written off its stake in bankrupt cryptocurrency lender Celsius Network LLC, with its chief executive officer conceding the fund invested “too soon” in the sector.

What happened to Celsius Network and Babel finance?

Indeed, the lenders Celsius Network and Babel Finance had to suspend withdrawals of funds on their platforms. Investors wonder if Celsius, for example, will not be forced to file for bankruptcy.

Why did the Caisse defend Celsius?

The Caisse initially defended Celsius when the company halted transactions on June 13. “Celsius is taking proactive action to uphold its obligations to its customers and has honoured its obligation to its customers to date,” spokesperson Kate Monfette said.