Toronto crypto company CEO kidnapped, held for $1M ransom before being released

Submit
cbc.ca

Toronto crypto company CEO kidnapped, held for $1M ransom before being released

AI summary of the linked article

A Toronto man, identified by CBC Toronto as Dean Skurka, president and CEO of cryptocurrency firm WonderFi, was kidnapped in downtown Toronto around 6 p.m. Wednesday and held for ransom before being released. Police say the suspects forced him into a vehicle and demanded money, and he was later found uninjured in Centennial Park in Etobicoke. A source close to the investigation told CBC Toronto that a $1 million ransom was paid electronically. Skurka wrote in an email that client funds and data were not affected, and police say the investigation is ongoing.

avatar
"Jameson Lopp, the co-founder and chief security officer of Casa, a security firm focused on protecting cryptocurrency users, has been keeping track of physical thefts designed to steal cryptocurrency for around a decade.

He says Skurka's abduction is the 171st instance of suspects using physical violence to steal bitcoins, that he's aware of."

Would be interesting to see the geographical distribution of these attacks. Pretty scary this one happened in Canada.