Police are investigating the high-profile abduction of Dean Skurka, CEO of Toronto-based crypto firm WonderFi Technologies, who was forcibly taken near University Avenue and Richmond Street on Wednesday evening.

Unknown suspects forced Skurka into a vehicle during rush hour, demanding $720k ($1 million Canadian dollars) ransom for his release. The ransom was paid electronically, and Skurka was found safe in Centennial Park, Etobicoke, hours later.

As crypto gain popularity, its decentralized nature and high valuations have turned executives into lucrative targets for criminals seeking quick, untraceable payments.

Reportedly hours later, Skurka was found unharmed in Centennial Park, Etobicoke, following the electronic transfer of the ransom, as per a CBC report.

In an email to CBC Toronto on Thursday, Skurka confirmed the ordeal but assured that he was safe. “The safety and security of all of WonderFi’s employees are paramount,” he stated. “Client funds and data remain safe, and were not impacted by this incident.”

This alarming incident points to the mounting

Go to Source to See Full Article
Author: Vismaya V