The CEO of Canadian cryptocurrency firm WonderFi was kidnapped on Wednesday and held for ransom, based on CBC. Dean Skurka was reportedly hit by a automobile in downtown Toronto throughout rush hour, however was launched unhurt after electronically transferring $1 million (probably Canadian {dollars}) to his captors. That's what it means.

WonderFi CEO is the newest crypto celeb to fall sufferer to a violent theft. A safety agency advised CBC that is the 171st incident of bodily violence to steal cryptocurrencies.

Skurka's firm reported its third quarter outcomes the day earlier than the incident, and had generated C$41 million in income over the previous 9 months. In the meantime, Bitcoin's value surpassed $76,000 this week, a brand new excessive for a digital foreign money.

Based on Cointelegraph, WonderFi is backed by Shark Tank co-host Kevin O'Leary and is considered one of Canada's most distinguished publicly traded crypto firms.