“We understand that our investment in Celsius raises a number of questions,” Caisse de dépôt et placement du Québec spokesperson Maxime Chagnon told The Logic. “This is something that we take very seriously and we will provide further comment at the appropriate moment.” (The Logic)

Talking point: Celsius filed for bankruptcy last week after suspending customer withdrawals in June. Meanwhile, CDPQ has been largely silent on the company, even as the crypto-lending startup faces allegations that it operated a Ponzi scheme and U.S. regulators pursue an investigation into its practices. The pension fund’s US$150-million investment in the company, which at the time valued Celsius at more than US$3 billion, will likely be wiped out in the bankruptcy process; a filing in a U.S. court showed that the company has a US$1.19-billion deficit on its balance sheet. CDPQ is taking steps to “preserve our rights,” but didn’t provide details.