Dean Skurka, President and CEO of the cryptocurrency-focused company WonderFi, was kidnapped in downtown Toronto on Wednesday. Police received a report of the abduction shortly before 6:00 PM, and the victim was forced into a car with a ransom demand. Skurka was found unharmed in Centennial Park in Etobicoke after a ransom of $1 million was paid.
Security expert Jameson Lopp noted that this abduction marks the 171st case of physical violence used to steal cryptocurrency. He added that rising Bitcoin prices attract criminals, as cryptocurrency is easy to transport and seize. The incident occurred on the same day WonderFi published its third-quarter financial results, which showed a 153% increase compared to last year.