PANews reported on November 8 that according to CBC (Canadian Broadcasting Corporation), Dean Skurka, CEO of Canadian encryption company WonderFi, was kidnapped and released after paying a ransom of $1 million. The incident took place in downtown Toronto, where Skurka was forcibly taken into a vehicle and detained, and was later released after paying the ransom through electronic payment. Skurka said that he is currently safe and the company's customers' funds and data have not been affected.
Police have launched an investigation but have not disclosed further details. In recent years, executives in the crypto industry have repeatedly become targets of crime. In July this year, a Bitcoin holder was kidnapped and killed, losing three Bitcoins. Last year, WonderFi claimed to own nearly half of the shares of Canada's regulated cryptocurrency exchanges.
