The CEO of WonderFi, a Canadian publicly listed crypto holding company, has been released unharmed after a kidnapping incident. The company owns one of Canada's major crypto exchanges.

Crypto Executives Face Kidnappings

According to the CBC, Dean Skurka was forced into a car during rush hour in Toronto. The kidnappers demanded money for his release. Skurka paid a ransom of one million Canadian dollars ($720,660) and was subsequently freed without injury.

As the crypto bull market gains momentum—marked by Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term’s recent all-time high—cases of crypto-related kidnappings and extortion have also increased.

😱 CEO of #WonderFi Kidnapped in Toronto

On November 6th, Dean Skurka became the victim of a bold kidnapping when he was shoved into a car right on the street. But after a few hours, and a $1 million ransom, he was released. Skurka was found in a park 30 km outside the city,… pic.twitter.com/AqkJ6T31YT

— Swapster (@SwapsterTeam) November 8, 2024

In a recent case, police in Thailand detained 12 individuals, including seven officers, in connection with an alleged crypto extortion ring. The group reportedly fabricated charges to extort USDT 10 million from a Chinese national.

WonderFi CEO Kidnapping and Ransom Paid
Dean Skurka, CEO of #WonderFi, was reportedly abducted and released after paying a $1 million ransom. The incident occurred in downtown Toronto, and Skurka reassured customers that their assets and data remain secure. Local authorities are… pic.twitter.com/tpO9UpIIEy

— Dehua (@DehuaFi) November 8, 2024

Toronto Crime Rates Surge

In a public statement, Skurka confirmed that client funds and data were not affected by the incident.

Ontario police have reported a general rise in crime, including a record level of gun violence in the Greater Toronto Area. Meanwhile, Consensus 2025, a major crypto event, is set to take place in Toronto in May.

In 2017, Pavel Lerner, managing director of the EXMO crypto exchange, was kidnapped in Kiev, Ukraine, as reported by Finance Magnates.

According to local media, Lerner was forcibly dragged into a car by unknown individuals near his office on Stepan Bandera Street. The abduction took place in broad daylight, and he was taken to an unknown location.