Celsius investors: The legal entity holding assets in Celsius is different from the legal entity that manages client funds, and clients have no right to claim

Investors including venture capital firm WestCap Management LLC and pension fund Caisse de Depot et Placement du Quebec (CDPQ) said their stake in Celsius entitles them to the company, according to court documents, Bloomberg reported. The mining business and other valuable assets of the company have no right to claim for this part of the assets because the legal entity invested is different from the legal entity that manages the client's funds. Attorneys representing creditors say Celsius' client terms entitle clients to claim against all of their legal entities.