{"id":596047,"date":"2024-11-08T06:39:23","date_gmt":"2024-11-08T06:39:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=596047"},"modified":"2024-11-08T15:39:42","modified_gmt":"2024-11-08T15:39:42","slug":"kevin-oleary-backed-wonderfi-ceo-freed-after-720k-ransom-paid-in-toronto-abduction","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/kevin-oleary-backed-wonderfi-ceo-freed-after-720k-ransom-paid-in-toronto-abduction","title":{"rendered":"Kevin O’Leary-Backed WonderFi CEO Freed After $720K Ransom Paid In Toronto Abduction"},"content":{"rendered":"

The CEO of Kevin O’Leary-backed WonderFi Technologies Inc., Dean Skurka, has been safely released after paying a $720,000 ransom following his abduction during rush hour in Toronto on Nov. 7.<\/p>\n

Skurka said in a company statement that “client funds and data remain safe,” and were not impacted by the incident. He had paid a $1 million CAD ransom, worth $720,660, according to a report<\/a> by Canada’s CBC.<\/span><\/p>\n

WonderFi is backed by multimillionaire O’Leary, who is co-host of the TV show Shark Tank<\/em>. It’s listed on the Toronto Stock Exchange and has a market capitalization of almost C$110 million ($79 million).<\/p>\n

\"I<\/p>\n

WonderFi CEO The Latest Victim In Rising Crypto Crime Wave<\/span><\/h2>\n

The <\/span>WonderFi<\/span><\/a> CEO’s kidnapping is the latest incident amid a rising crypto crime trend. <\/span>In July this year, four suspects were arrested for allegedly kidnapping and murdering a 29-year old foreign national Bitcoin investor in Kyiv, Ukraine. The perpetrators stole $170,000 worth of Bitcoin.<\/span><\/p>\n

Just a month later, charges were brought against six Malaysian nationals for kidnapping a Chinese national and demanding a $1 million ransom. The criminals wanted the payment to be made in Tether’s USDT stablecoin.<\/span><\/p>\n

WonderFi’s Share Price Plunges 10%<\/span><\/h2>\n

WonderFi’s share price plunged more than 10% to trade at $0.17 as of 8:58 a.m. EST after new of the incident broke. <\/span><\/p>\n

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With over 8.42M shares traded, @WonderFi<\/a> has officially marked it's position as the most traded stock on the Toronto Stock Exchange today.<\/p>\n

The recent activity is a clear sign of increasing interest from both Institutional and retail investors in the digital asset industry and…<\/p>\n

— Dean (@wonderfi_dean) October 29, 2024<\/a><\/p><\/blockquote>\n