SeatGeek Canada faces two more fines from Ontario over ticket resale violations

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. TORONTO — SeatGeek Canada is facing two more fines from the Ontario government for allegedly contravening a recent law capping the sale of event tickets at face value. The province’s consumer beware website shows the new fines issued to the ticket resale platform earlier this month total $22,500 collectively. The website says the first of the two fines amounts to $15,000 and is for allegedly making a ticket available for sale or facilitating a sale of a seat beyond the resale price limit. The second fine is for $7,500 and is for allegedly failing to disclose the total price of a ticket when a seat was purchased from a primary seller. Latest updates on company news hereSeatGeek Canada did not answer questions about what events the fines stem from or whether it will fight the penalties. “We are doing our best to comply but we have yet to receive meaningful direction from the government on how to do so,” spokesperson Cameron Papp said Thursday in an email.

Bitcoin, Nasdaq futures and Asian stocks rally as stronger-than-expected China GDP and falling oil prices lift risk appetite.

The service will initially support bitcoin, ether and the stablecoins USDC, EURC and EURAU, with the bank managing clients’ wallets and private keys.

Layer-1 blockchain network Qubic halted operations Sunday after an attacker reportedly exploited weakly generated wallet seeds to drain approximately $1.4 million from more than 1,400 accounts, according to the project. In a statement on X, Qubic said the network was halted at tick 85,371,949, where it remains paused at the time of writing. Qubic said the vulnerability affected wallet seeds generated using any browser on an iPhone or iPad, Safari on a Mac until Oct. 18, 2026, or the Qubic iOS app before July 2025, leading to 2.94 trillion Qubit (QU) stolen. “87.1% of the drained funds never left the Qubic network and remain frozen in place,” said Qubic. “The remaining 12.9% was sent to MEXC, whose team froze the receiving account within about an hour.” The Qubic theft is the latest in a series of attacks tied to weak wallet seeds. In July, Coldcard disclosed that attackers had stolen funds from wallets whose seeds were weakened by a firmware bug. Similar flaws affected Trust Wallet’s browser extension and the Libbitcoin Explorer tool in 2023.