Toronto, Ontario, Canada (Jan Web/Unsplash)

CEO of Canadian Crypto Holding Returns Safely After Paying $720K Ransom: Report

Summary

The CEO of WonderFi, Dean Skurka, was kidnapped in Toronto and released unharmed after paying a ransom of CAD 1 million ($720,660). Skurka confirmed that client funds and data were unaffected. Crime, including gun violence, is rising in Ontario. The crypto bull market sees bitcoin reaching new highs, coinciding with an increase in crypto-related kidnappings and extortion. In Thailand, 12 individuals, including seven police officers, were arrested for extorting a Chinese national for USDT 10 million by fabricating charges.

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