Dean Skurka, the CEO of WonderFi, a cryptocurrency firm based in Toronto, was kidnapped and held for a C$1 million ransom in a shocking incident last week. The abduction occurred in downtown Toronto, where Skurka was forced into a vehicle. He was later released after the ransom was paid electronically.
According to reports from CBC, the police investigation is ongoing, but a source confirmed that C$1 million was transferred for Skurka’s safe return. Skurka assured the public that client funds and data were unaffected by the event.
This incident highlights the security risks faced by executives in the cryptocurrency industry, as high-profile figures become targets for criminal activity.