September 30, 2022
alex mashinsky celsius gID 6

alex mashinsky celsius gID 6

CDPQ, one of Canada’s largest pension managers, has written off its $150 million investment in bankrupt crypto lender Celsius Network.

“We knew there were challenges in regards to [crypto assets], but perhaps we underestimated those challenges,” Charles Edmond, CEO of Caisse de dépôt et placement du Québec (CDPQ) said on Wednesday. 

CDPQ reported a $26 billion loss for the first half of the year, which amounts to a return of -7.9%, according to a press release from the firm.

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