'Unruly passenger' forces WestJet flight to make emergency landing in B.C.
A WestJet flight heading to Calgary had to make an emergency landing in northern B.C. Monday due to an incident involving an 'unruly passenger,' Mounties say.
Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will return at least US$1.1 billion to customers of its now shuttered lending program, following a settlement with a New York regulator.
Gemini will also pay a US$37 million fine to the regulator “for significant failures that threatened the safety and soundness of the company,” the New York Department of Financial Services (NYDFS) said in a statement Wednesday.
NYDFS has the right to “bring further action against Gemini if the company does not fulfill its obligation,” it said in the statement.
Gemini is run by the Winklevoss twins, who are best known for spending years in litigation accusing Meta’s (META) Mark Zuckerberg of stealing their idea for Facebook and eventually received a US$65 million settlement.
In a Wednesday blog post, the crypto exchange said that due to the settlement, customers of its lending program, Gemini Earn, would receive 100 per cent of their digital assets back in kind plus any appreciation in value.
Gemini Earn marketed itself as a low-risk investment in which customers could lend crypto assets to another firm, Genesis Global Capital (GGC), while earning interest payments as high as 8 per cent.
“We will be returning over US$1.8 billion in value (at today’s prices),” according to the Gemini blog, which it said was US$700 million more than when GGC halted withdrawals in November 2022.
That was when the trillion-dollar crypto market crumbled, due to the collapse of FTX, the once high-flying crypto exchange. Its co-founder, Sam Bankman-Fried, was convicted in November on seven counts of fraud and conspiracy for his role in the demise of the company.
On Tuesday, lawyers for Bankman-Fried filed a memo in a Manhattan federal court recommending a prison sentence between five and six-and-a-half years. Under federal guidelines, he could face a maximum of 110 years. His sentencing is scheduled for March 28.
Wednesday’s settlement doesn’t mean Gemini’s legal problems are over. It faces a separate lawsuit filed in October by New York’s attorney general accusing three companies — Gemini, GCC and Digital Currency Group, the parent firm of GCC — of lying to investors and covering up more than US$1 billion in losses.
A WestJet flight heading to Calgary had to make an emergency landing in northern B.C. Monday due to an incident involving an 'unruly passenger,' Mounties say.
A teenager has died after being hit by a train in northwest Calgary on Tuesday afternoon.
More than four years after COVID-19 effectively shut down the world, two new variants of COVID-19 have become the dominant strains of the novel coronavirus in Canada.
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The Retail Council of Canada wants to put a stop to widespread theft within the retail industry, and industry leaders are meeting this week to find solutions.
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A derelict property connected to a Brampton city councillor racked up $12,500 in fines in dozens of penalty notices over several months as city officials warned it was becoming a haven for rats and a homeless encampment, records obtained by CTV News show.
It's been a long time coming, but one Oilers superfan is hoping this will be the year he gets to touch up his massive Stanley Cup back tattoo.
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A Winnipeg pinball wizard is heading to the granddaddy of them all – the IFPA World Pinball Championship.
It’s the chance of a lifetime for a group of Ottawa athletes who are getting ready to represent Team Canada at the World Junior Ultimate championships in the United Kingdom.
Parishioners at Holy Trinity Anglican Church are praying for a monetary miracle, as their historic place of worship could collapse at any moment.
A Saskatchewan man made it to the summit of Mount Everest earlier this month.
IAMGOLD’s Cote Gold open pit mine, located off Highway 144 between Timmins and Sudbury, had its official ribbon-cutting ceremony this week as production ramps up.
When one is extended an invitation to the Royal Garden Party in London, England, there's undoubtedly no shortage of pomp and circumstance. Barrie, Ont. natives Megan Kirk Chang and her husband Brandon experienced just that as they entered the prestigious event hosted at Buckingham Palace on Tuesday.
An unlikely celebrity emerged from social media to cheer on the Edmonton Oilers as they face the Dallas Stars tonight in Game 1 of the Western Conference Finals.