The U.S.-based crypto-lending platform said it suspended a staff member after learning they were involved in a police investigation in Israel that was “in no way related” to Celsius. According to reports, the employee is CFO Yaron Shalem. (The Logic, CoinDesk)
Talking point: The Caisse de dépôt et placement du Québec co-led a US$400-million round in the company in October, which Celsius expanded to US$750 million last week. Troubles have been piling up for Celsius, which confirmed late last month it received a request for information from authorities a day after the New York attorney general’s office published a letter to three startups requesting details on their customers and operations. Celsius had previously received a cease-and-desist letter from New Jersey authorities and an order to appear in court from securities regulators in Texas. Caisse CTO Alexandre Synnett told The Logic the fund analyzes every prospective investment rigorously after announcing the Celsius round.