Dean Skurka, CEO of WonderFi, a major Canadian crypto holding firm, was briefly kidnapped in Toronto during rush hour and released unharmed after a ransom of CAD 1 million ($720,660) was paid. Despite the incident, Skurka assured clients that funds and data remain secure. The case highlights rising crime in Ontario, particularly in the Greater Toronto Area, and reflects an uptick in crypto-related kidnappings amid a bullish market. Notably, similar crypto extortion incidents are on the rise globally, including a recent high-profile case in Thailand involving local police.

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