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Crypto lender Celsius unlikely to get further investor funds for bail out
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Investors in Celsius Network are unlikely to provide more financing to bail out the struggling cryptocurrency lender, said people with knowledge of the situation.
A big Canadian pension fund, Caisse de dépôt et placement du Québec, and WestCap, a growth-equity firm founded by technology investor Laurence Tosi, a former chief financial officer of Airbnb, aren’t expected to put in more money to help the crypto lender, these people said. WestCap and Caisse de dépôt last year led a Series B funding round that raised $750m for...
Read more on fnlondon.comAbout this in other media
Crypto Chaos Continues as Loans Firm Cuts Withdrawal Limit, 3AC Moves Funds, & Celsius Apparently Pays Maker cryptonews.com /2 years ago
Peter Thiel, Coinbase-backed crypto lender suspends withdrawals fnlondon.com /2 years ago
Crypto lender Vauld suspends withdrawals finextra.com /2 years ago
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