High bitcoin price may have played role in Toronto crypto CEO’s kidnapping: experts
As police continue to investigate the kidnapping of the CEO of a company specializing in cryptocurrency this week, experts say such attacks are rare and can coincide with the price of crypto, which hit an all-time high in recent days.
On Wednesday, police say they responded to a kidnapping in downtown Toronto at rush hour.
CBC Toronto later learned the victim was Dean Skurka, the president and CEO of Toronto-based financial firm WonderFi. Skurka was later released after a ransom of $1 million was paid electronically, a source close to the investigation told CBC.
Ryan Duquette, the national lead of digital forensics at accounting firm MNP, says scammers are turning more and more to cryptocurrency for payment.
“They likely thought that he…
