The CEO of the cryptocurrency was kidnapped and forced to pay 1 million dollars in ransom

Dean Skurka, CEO of WonderFi Technologies, a cryptocurrency company based in Toronto, is reported to have been a victim of a kidnapping on November 6, according to information from CBC. Skurka was reportedly abducted right in the downtown core of Toronto during rush hour, and was subsequently forced to conduct a $1 million USD electronic transfer transaction to ensure his safety.

According to a source close to the investigation, Skurka has confirmed the incident via email, stating that he was involved in an 'incident' on November 6, but is currently safe, while affirming that the company's data and assets are not affected.

Dean Skurka – CEO WonderFiThis incident has raised concerns about the increasing trend of kidnappings targeting CEOs and influential individuals in the cryptocurrency industry, primarily motivated by the intention to steal a large sum of money.

Previously, in July, four suspects were arrested in Kyiv, Ukraine, for allegedly kidnapping and killing a 29-year-old foreign citizen, while stealing 170,000 USD worth of Bitcoin. In August, six Malaysian citizens were also accused of kidnapping a Chinese citizen and demanding a ransom of 1 million USD in Tether (USDT) stablecoin.

WonderFi, backed by millionaire and Shark Tank host Kevin O’Leary, is one of the most prominent publicly listed cryptocurrency companies in Canada, with the stock code WNDR on the Toronto Stock Exchange. According to data from Google Finance, the company currently has a market capitalization of approximately 75 million USD.

WonderFi specializes in developing, incubating, and investing in decentralized exchanges and protocols. Two of the company's main products are the WonderFi Layer 2 blockchain platform and the WonderFi Wallet non-custodial wallet.

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According to Cointelegraph