The cryptocurrency-lending company said Tuesday that it received a request for information from authorities, a day after the New York attorney general’s office published a letter it sent to three startups asking for details on their customers and operations. (The Logic)

Talking point: Celsius hasn’t been accused of wrongdoing, and the request might not lead to any further action against the company. Still, the episode, which comes days after the Caisse de dépôt et placement du Québec announced it was co-leading Celsius’ US$400 million round, highlights the risks for institutions investing in crypto startups, many of which operate in a legal grey zone. Before the Caisse’s investment was announced, Celsius had already received a cease-and-desist letter from New Jersey authorities and an order to appear in court from securities regulators in Texas. Regulators have taken a harder line against crypto lenders like Celsius in recent months, with Coinbase cancelling a proposed lending product in September after blowback from the U.S. Securities and Exchange Commission.