Key Takeaways:

WonderFi CEO Dean Skurka was reportedly kidnapped in Toronto and released after paying a $1 million ransom; no WonderFi assets or data were affected.
Police have launched an investigation but have not disclosed further details about the incident.
WonderFi, a $75 million market cap crypto firm with high-profile investors like Kevin O’Leary, holds $1.35 billion in assets under custody and focuses on centralized and decentralized crypto services.

WonderFi Technologies CEO Dean Skurka was kidnapped in Toronto on November 6 and reportedly paid a $1 million ransom to secure his release.

Following the incident, Skurka assured stakeholders that no company funds or data were compromised, specifying that he personally handled the ransom payment.

🚨🇨🇦KIDNAPPED: TORONTO’S CRYPTO CEO $1M HOSTAGE

WonderFi CEO Dean Skurka was snatched off a busy downtown Toronto street, thrust into a blacked-out SUV, and held for a cool $1 million ransom.

With the clock ticking, Skurka’s captors demanded the money electronically—no trails,… pic.twitter.com/64esu5Zbmp
— Mario Nawfal (@MarioNawfal) November 7, 2024

The kidnapping took place during rush hour in downtown Toronto, where Skurka was allegedly coerced into a vehicle and forced to make an electronic transfer.

Toronto Police are investigating but have not released further details.

WonderFi, a publicly traded Toronto-based crypto firm backed by Kevin O’Leary, has a market cap of $75 million and manages assets within both centralized and decentralized crypto protocols.

Known for its WonderFi Wallet and acquisitions like Coinsquare and Bitbuy, WonderFi recently reported $1.35 billion in assets under custody.

Previously, Skurka served as President of Bitbuy before stepping into his role at WonderFi.