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CEO of Canadian Crypto Holding Returns Safely After Paying $720K Ransom: Report
WonderFi CEO was forced into a vehicle but released after a ransom was paid.
In this article
- WonderFi CEO Dean Skurka was briefly held by unknown assailants in Toronto until a ransom was paid.
- Skurka is unharmed.
The CEO of WonderFi, a publicly listed crypto holding company that owns one of Canada's largest crypto exchanges, has been safely released after he was kidnapped, Canada's CBC reported.
CBC says that Dean Skurka was forced into a car during rush hour in Toronto, and the assailants demanded money for his release. Skurka was released unharmed after he paid a ransom of Canadian Dollar 1 million ($720,660).
STORY CONTINUES BELOW
In a publicly released statement, Skurka said that "client funds and data remain safe, and were not impacted by this incident."
Police in Ontario say 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
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.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
More For You
Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
What to know:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
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