Canadian crypto CEO released after $1 million ransom

Recently, Dean Skorka, CEO of Canadian crypto company WonderFi, was released safely after being kidnapped in Toronto, where he paid a ransom of $1 million (around $720,000).

The incident occurred during rush hour, when Skorka was forced into a car under threat from the kidnappers, who demanded a sum of money for his release.

The incident comes at a time when the crypto sector is experiencing a significant rise, leading to an increase in extortion and kidnapping cases targeting workers in this field.

In a similar context, police in Thailand arrested 12 people, including seven officers, on charges of extorting $10 million from a Chinese citizen through fabricated charges.

Skorka confirmed after his release that the incident did not affect customers’ money or data.

It is worth noting that the Greater Toronto Area is witnessing a rise in crime rates, according to the Ontario Police, at a time when the city is preparing to host the major cryptocurrency event “Consensus 2025” next May.

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