Official statements from law enforcement or court documents

WonderFi CEO Dean Skurka Kidnapped in Toronto, Released After $720,000 Ransom in 171st Violence Incident

Nov 8, 2024, 12:55 AM

Dean Skurka, the CEO of Canadian crypto company WonderFi Technologies, was kidnapped in downtown Toronto and released after paying a ransom. Initial reports indicated that the ransom was set at $1 million, but later updates revealed that the actual amount paid was approximately $720,000. Skurka was abducted in broad daylight, but he was unharmed during the incident. Authorities are investigating the kidnapping, which marks the 171st recorded instance of physical violence related to cryptocurrency thefts, highlighting the growing security concerns within the crypto industry. Following his release, Skurka assured that client funds and data remained secure and unaffected by the incident.