Canadian pensioners lost $ 150 million due to the collapse of the Celsius cryptocurrency platform

A Canadian pension fund has announced the loss of $ 150 million due to the bankruptcy of the Celsius cryptocurrency platform.

As it became known, the Caisse de Depot et Placement du Quebec (CDPQ) pension fund invested $ 150 million in Celsius back in October 2021. «We realize that our investment in Celsius raises many questions. We take this very seriously and are ready to provide additional comments at the right time. Celsius is currently going through a difficult time, so it will take time to resolve all the issues,» said Maxime Chagnon, spokesperson for the CDPQ.

Representatives of the CPDQ also emphasized that they are already working to resolve the situation and are making «every effort to recover the funds and protect their rights.» At the time of writing, the pension fund has not provided any details on how CDPQ plans to recover the lost $ 150 million.

A few days earlier, representatives of Celsius announced the company’s bankruptcy by filing a petition in a New York court. According to the statement, Celsius plans to use $ 167 million to «continue certain activities» during the restructuring process. In the future, representatives of the platform hope to «return funds to customers».