Major investors of crypto lending platform Celsius are "unlikely" to provide additional financial support, the Wall Street Journal reports.
The news outlet said investors such as Canadian pension fund firm Caisse de dépôt et placement du Québec and other participants in the $400 million round from last fall are staying on the sidelines. Growth equity firm WestCap was also named in the WSJ report.
The developments come as Celsius weighs its options amid a freeze in withdrawals, swaps and account transfers. The firm has brought in restructuring lawyers and is consulting with Citigroup on possible steps.
"[The Celsius] team is working non-stop. We’re focused on your concerns and thankful to have heard from so many," CEO Alex Mashinsky said in a Wednesday tweet.