In a Wednesday court filing in the Southern District of New York, Celsius Network said it has more than 100,000 creditors. It owes its largest unsecured creditor, London-based trading firm Lantern Ventures, just over US$81 million. (The Logic)

Talking point: In a statement Wednesday evening, Celsius also said it had US$167 million in cash on hand, which it will use to operate throughout the bankruptcy process. “We are following the matter closely and reviewing the filings submitted by Celsius,” Caisse de dépôt et placement du Québec spokesperson Kate Monfette said in an email to The Logic. Celsius was one of a handful of crypto lenders to suspend withdrawals recently amid a brutal crypto market crash in the second quarter. Since then, Celsius’s legal troubles have only deepened, with Vermont state officials announcing Wednesday that its financial regulator has joined a multi-state investigation into the company’s practices.