The head of a company specializing in cryptocurrency was kidnapped and held for ransom in downtown Toronto during rush hour Wednesday.Posted: Nov 07, 2024 12:31 PM EST | Last Updated: 2 hours ago
Police were called about a kidnapping just before 6 p.m. Wednesday in the area of University Avenue and Richmond Street W. in downtown Toronto. The head of a company specializing in cryptocurrency was kidnapped and held for ransom in downtown Toronto during rush hour Wednesday. Police were called about a kidnapping in the area of University Avenue and Richmond Street W. just before 6 p.m., says a spokesperson with the Toronto Police Service.The man was later located in Centennial Park in Etobicoke uninjured.
CBC Toronto has learned the victim is Dean Skurka, the president and CEO of Toronto-based financial firm He was released after a ransom of $1 million was paid electronically, a source close to the investigation said.Skurka said via email he was involved in an "incident" Wednesday but is safe, and that the funds and data of company's clients were not impacted.