Kidnapped WonderFi CEO released after paying $720k ransom

  • Dean Skurka is the president and CEO of WonderFi, a Canadian crypto company
  • Skurka was forced into a vehicle in downtown Toronto during rush hour
  • He said that client funds and data remain safe and weren’t impacted by the kidnapping

The kidnapped CEO of Canadian cryptocurrency company WonderFi has returned safely after electronically transferring CAD$1 million ($720,000) to his captors.

On Wednesday, at around 6 p.m. during rush hour, Dean Skurka, the president and CEO of WonderFi, was forced into a vehicle in the area of University Avenue and Richmond Street W. in downtown Toronto, reports CBC.

Skurka was ordered to pay the ransom demand of CAD$1 million. He was later released in Centennial Park in Etobicoke, according to a source close to the investigation. Speaking about the kidnapping, Skurka said:

“The safety and security of all of WonderFi’s employees are paramount. Client funds and data remain safe, and were not impacted by this incident.”

According to Jameson Lopp, co-founder and chief security officer of Casa, a security firm focused on protecting crypto users, Skurka’s kidnapping is the 171st case where violence has been used to target crypto holders.

Lopp said:

“As the [Bitcoin] price goes up, more awareness of the space permeates throughout society and as a result, more criminally minded people decide they want to try to figure out what the ROI of executing a physical attack against a known crypto holder is.”

The kidnapping comes at a time when Bitcoin is going through a price rise.

Yesterday, Bitcoin achieved a new all-time high of $76,677 on major crypto exchanges. The new price came amid the US Federal Reserve announcing a 25 basis points interest rate cut.

Earlier in the week, Bitcoin broke a new all-time high of $75,317 as voting results signalled a Donald Trump win for the White House.

The post Kidnapped WonderFi CEO released after paying $720k ransom appeared first on CoinJournal.

MANEKI soars 50% to lead meme coins, but why buy Vantard?

Maneki has hit crypto market headlines in recent weeks, sharing the limelight with the first meme coin index fund Vantard.

Most notably, Maneki (MANEKI) has surged since its deal with Sheffield United Football Club. Meanwhile, this week’s Donald Trump win and Bitcoin’s surge has seen investors flock to Vantard (VTARD) ahead of a potential meme coin supercycle.

Is Maneki poised to explode further and become a top cat-themed meme coin on Solana? But why could buying VTARD during its ongoing seed round be even better?

MANEKI token explodes 50%

The Solana meme coin market is heating up once again. A look at the market shows all the top coins surging amid elation following Donald Trump’s election as 47th US president.

For Maneki, a community-driven meme coin on Solana based on the iconic Japanese symbol of Maneki-neko (symbol of good fortune), several factors have aligned to add to an overall bullish outlook.

Fed’s interest rate cut buoyed Bitcoin to a new all-time high. Meanwhile, market maker Wintermute getting MANEKI onboard is a new era that meant the token pumped hard.

It happened as BTC led prices higher with a jump to its new ATH above $76k. This and the recent partnership with Sheffield United as a principal partner has Maneki poised for a potentially explosive 2025.

With Solana meme coins like Maneki hinting at a looming supercycle, investors have quickly taken note of Vantard, the first-ever Solana memecoin index fund. The fund’s portfolio has top gems such as Popcat, Michi and Moo Deng. Could it add MANEKI?

Vantard gets crypto buzzing for top meme coins

In the coming months, multiple meme coins will see unbelievable gains. Investors are positioning within the market for this.

However, rather than bet on one or the other and be limited in doing so, savvy traders have poured into Vantard. It’s a portfolio that offers a basket of Solana meme tokens set for parabolic gains. Actively managed and rebalanced periodically to add the hottest trends, this is a fund like no other in the meme space.

The VTARD token is Vantard’s ticket for users looking to tap into this potential.

VTARD is currently available in presale, and has raised over $810k in its seed round. Before that, the meme index fund raised $500k in two hours in the pre-seed round.

Maneki and other meme coins on Solana are setting up for a supercycle. While traders can catch the wave if they don’t FOMO in, the best way to ride the wildest of these could be with Vantard.

Learn more here.

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