The Caisse de depot’s controversial bankrupt partner, Celsius Network, could hand over up to $276 million to some of its customers who have been unable to withdraw their money from their frozen account since mid-June.
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According to CoinDesk, 58,300 customers could finally find their marbles, a month after the cryptobank placed itself safe from its creditors.
Some 15,680 with some type of account could recover nearly $60 million, according to the media.
A New York court will hear the case on October 6.
For some investors, the possibility of changing the color of their money is good news, albeit greeted with some skepticism.
This is the case of Karl Sigouin, a Quebec investor, who came within a hair’s breadth of losing his $20,000 by withdrawing his funds just in time.
The Journal had told his story last July. However, yesterday, the real estate broker said he was encouraged to see that a door seemed to be opening.
“It remains to be seen whether the people cheated will be entitled to a large part of the amount invested. For now, we are at square one,” he said.
Mea culpa
In mid-August, the CEO of the Caisse, Charles Emond, made his mea culpa by assuring that “nobody at the Caisse – [lui] the first – is not happy with the result”.
The number 1 in Quebec’s woolen sock had indicated that it had written off the $200 million investment in the ailing company.
Yesterday, the Fund did not want to comment on the turn of events.
“We have no comment at this time, we are letting the legal process take its course,” said spokeswoman Kate Monfette.
Celsius did not respond to an interview request from Log.
–With the collaboration of Sylvain Larocque