30s Summary

WonderFi CEO, Dean Skurka, was briefly kidnapped in Toronto by unidentified individuals who demanded a ransom. Skurka was released unhurt after a ransom of 1 million Canadian dollars was paid. Skurka assured that neither client funds nor data were compromised in the incident, which highlights a growing crime rate in Ontario. The incident comes amid a rise in crypto-related crimes, paralleled by Bitcoin’s market surge, with a similar case of crypto extortion reported in Thailand.

Full Article

WonderFi’s CEO, Dean Skurka, was briefly snatched by unidentified culprits in Toronto until they received a ransom. Fortunately, Skurka was unscathed. WonderFi is best known as a publicly listed crypto management business that controls one of Canada’s biggest crypto platforms.

According to Canada’s CBC, Skurka was forcefully bundled into a vehicle during Toronto’s busy rush hour. The criminals demanded a payout for his release. Skurka was released unharmed after surrendering a ransom of 1 million Canadian Dollars ($720,660).

Skurka reassured in a public statement that no client funds or data were compromised during this event. Despite his safe release, the incident highlights the growing crime problem in Ontario. The local police additionally reported a rise of criminal activities in the province, with gun violence in the Greater Toronto Area hitting record highs.

As Bitcoin’s value surges in the ongoing crypto bull market, crypto-related crimes, including kidnappings and extortion, are on the rise. A related incident took place in Thailand, where 12 people, including seven police officers, were nabbed for being involved in a crypto extortion ring targeting Chinese nationals. The gang reportedly concocted charges against their victim, and demanded a shaky 10 million USDT payout to dismiss the case.