Toronto Crypto CEO Safe After Paying $1M Ransom to Kidnappers

A logo at the Toronto Police Service headquarters in Toronto in a file photo. The Canadian Press/Christopher Katsarov

The CEO of a Toronto-based cryptocurrency firm who was abducted in downtown Toronto on Nov. 6 was freed unharmed after paying a $1 million ransom.

“I want to reassure everyone that I am safe and doing well. The investigation by Toronto Police into this incident is ongoing with my full cooperation,” WonderFi president and CEO Dean Skurka wrote on the social media platform X and his LinkedIn page on Nov. 8.