In an email to The Logic, Caisse de dépôt et placement du Québec spokesperson Kate Monfette confirmed the pension fund is part of the group, which represents US$600 million of the beleaguered crypto lender’s US$690 million in preferred equity, that will receive the settlement. She would not disclose the share of the US$25 million the Caisse will receive. (The Logic, Bloomberg)

Talking point: The settlement avoids what could have been a lengthy court battle, but represents a return of pennies on the dollar for the participating shareholders. The Caisse wrote off the entire value of its US$150-million investment in Celsius last summer. The investment ended in embarrassment for the pension fund and executive vice-president Alexandre Synnett—who led the deal—left the organization in February. Last week, former Celsius CEO Alex Mashinsky was arrested and charged with fraud.