Crypto CEO kidnapped in Toronto, released after paying $1M ransom

Date:

Share post:


The CEO of Canadian cryptocurrency firm WonderFi was kidnapped and held for ransom on Wednesday, according to CBC. Dean Skurka was reportedly shoved into a vehicle in downtown Toronto during rush hour, only to be released uninjured after electronically sending $1 million (presumably CAD) to his captors.

The WonderFi CEO is the latest crypto celebrity to fall victim to a violent robbery. This is the 171st incident of physical violence to steal cryptocurrency, a security firm tells the CBC.

Skurka’s company reported third-quarter earnings a day before the incident, generating $41 million CAD in revenue during the last nine months. Meanwhile, the price of Bitcoin soared above $76,000 this week, reaching a new record high for the digital currency.

WonderFi is backed by Shark Tank co-host Kevin O’Leary and is among the most prominent publicly listed crypto firms in Canada, per Cointelegraph.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

OpenAI’s GPT-5 reportedly falling short of expectations

OpenAI’s efforts to develop its next major model, GPT-5, are running behind schedule, with results that don’t...

OpenAI announces new o3 model — but you can’t use it yet

Welcome back to Week in Review. This week, we’re looking at OpenAI’s last — and biggest —...

Google pushes back against DOJ’s ‘interventionist’ remedies in antitrust case

Google has offered up its own proposal in a recent antitrust case that saw the US Department...

If climate tech is dead, what comes next?

Humans have an innate desire to name things, but to be honest, we’re not always that good...

Hollywood angels: Here are the celebrities who are also star VCs

Becoming a venture capitalist has become the latest status symbol in Hollywood.  Everyone these days, from Olivia Wilde...

Meet Skyseed, a VC fund and incubator backing the Bluesky and AT Protocol ecosystem

On November 15, Peter Wang posted a message requesting ideas for a new incubator and fund to...

Sam Altman disputes Marc Andreessen’s description of AI meetings with Biden administration

Famed investor Marc Andreessen recently talked about meetings with Biden administration staff who gave him the impression...

EV startup Canoo places remaining employees on a ‘mandatory unpaid break’

Struggling electric van startup Canoo has placed its remaining employees on what it’s calling a “mandatory unpaid...