Dean Skurka, the CEO of WonderFi, was kidnapped in Toronto during rush hour and released after a ransom of Canadian Dollar 1 million was paid.
After being released, Skurka reassured the public that client funds and data remain safe, emphasizing that they were not impacted by this troubling incident.
As the cryptocurrency market flourishes, incidents of kidnap and extortion have surged, exemplified by police arrests in Thailand linked to crypto-related crime.
The ongoing crypto bull market has intensified the occurrence of kidnappings, pointing to a troubling trend that accompanies rising digital asset values.
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