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He is also promising to optimize OC Transpo bus service to “reflect the post-COVID reality and the new travel patterns for work.” This, he said, would reduce the number of “empty articulated buses” running around the city. "Residents and taxpayers have a right to understand how OC Transpo is performing on a month to month basis and, eventually, in real time," a campaign spokesperson said. Sutcliffe said he would ensure this data is also up to date and more widely accessible. The dataset on the page also does not show any 2022 figures, though some of these indicators, such as ridership, are presented to the transit commission with more recent data. Sutcliffe said he would ensure they were published at least quarterly. OC Transpo's website only publishes peformance reports twice per year. Sutcliffe said his plan would make this data made public on a monthly basis. There were six transit commission meetings in 2022 that included regular bus, Para Transpo and O-Train service updates. Transit staff give ridership and performance updates regularly at transit commission meetings. He also promised to create a “passenger pledge” that he said would make OC Transpo performance more transparent.
In July, city staff estimated that eliminating OC Transpo fare increases would cost approximately $5 million and increase the transit levy by $11 annually for an average property valued at $415,000. “We shouldn’t expect passengers to pay more without taking major steps to improve transit.” “The first step is to deliver reliable service, not free service,” said Sutcliffe.
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RELATED: Full municipal election coverage. Sutcliffe is opposed to a free transit plan, taking a shot at it in a news release Tuesday. The pledge mirrors his main opponent, Catherine McKenney, who has also promised to freeze fares, though McKenney has also pledged to make transit free for riders 17 and under. Sutcliffe had previously said he would be in favour of keeping fares frozen for seniors, Equipass users and youth, but on Tuesday announced a full, system-wide fare freeze. Whether to use BNB Auto-Burn to cover the remaining hacked funds, or not?Ī Whitehat program for future bugs found, $1M for each significant bug found.Ī Bounty for catching hackers, up to 10% of the recovered funds.Ottawa mayoral candidate Mark Sutcliffe is now promising a one-year transit fare freeze for all OC Transpo riders, saying service must be improved before fares can go up. What to do with the hacked funds, freeze or not to freeze? It further added that in coming days, it will have on-chain governance votes to determine: On the other hand, BNB Chain in its official statement acknowledged the incident and regretted the exploit. It added that although initially the Binance community supported BNB Chain but now, the latter has been running independently. In response, the Binance spokesperson has claimed that the company exerts no control over BNB Chain. In another tweet, he estimated the loss to be around $100 million, comparing it to about a quarter of the last BNB burn. We apologise for the inconvenience and will provide further updates accordingly.” Zhao tweeted. “We have asked all validators to temporarily suspend BSC. The issue surfaced when in a tweet Binance chief Changpeng Zhao wrote that an exploit on a cross-chain bridge (the means used by investors to move assets from one blockchain to another), BSC Token Hub, resulted in extra BNB. But with the efforts of volunteers, roughly 80 per cent had been frozen immediately, and the damage had been limited to less than $100 million. What is the issue?Ī total of 2 million BNB (nearly $570 million) were effectively minted and taken by the hacker. The statement further added Binance exerts no control over BNB Chain, and it is a community-driven and decentralised blockchain, powered by BNB that is neither run nor owned by Binance.Įxperts say that it is the biggest scam in cryptocurrency history second only to the Axie Infinity blockchain game hacking, which costed more than $500 million in late March this year, allegedly by a North Korean group.
Everything occurred on the decentralised blockchain (BNB Chain), and neither Binance users nor any other users were involved.”
In an email response to the Hindustan Times, the Binance spokesperson said, “This incident is isolated to BNB Smart Chain (BSC). It said that BNB Chain is powered by BNB that is neither run nor owned by Binance. However, the company has now distanced itself, saying that the loss is on BNB Chain, and users are not affected. In what is being termed as the most damaging cryptocurrency scam, the world’s biggest exchange for crypto assets-Binance was reportedly said to have been duped of cryptocurrency worth roughly $100 million on Friday.