WonderFi CEO Safely Released After Paying $720K Ransom: Report

WonderFi CEO was forced into a vehicle but released after a ransom was paid.

The CEO of WonderFi, a publicly listed crypto holding company, has been safely released after he was kidnapped in Canada, according to a report by the country's national broadcaster.

Dean Skurka, the CEO, was reportedly forced into a vehicle during rush hour in Toronto on Monday morning. The assailants then demanded money for his release, CBC reported.

Skurka was released unharmed later that day after he paid a ransom of Canadian Dollar 1 million ($720,660), according to the report. In a publicly released statement, Skurka said that "client funds and data remain safe, and were not impacted by this incident."

Police in Ontario said crime in the province continues to rise, with gun violence in the Greater Toronto Area breaking records. Consensus 2025 will be held in Toronto in May.

As the crypto bull market continues, with bitcoin (BTC) recently breaking through an all-time high, crypto kidnappings and extortion are also rising.

Recently, police in Thailand arrested 12 people, including seven police officers, who were involved in a crypto kidnapping and extortion ring. The group had allegedly extorted a Chinese national for USDT 10 million after they reportedly fabricated charges and demanded payment to drop the case.

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