WonderFi Technologies’ CEO, Dean Skurka, was abducted in Toronto. A $1 million CAD ransom was paid electronically before his safe release.
High-profile figures in the cryptocurrency sector face growing risks of violence and extortion due to crypto's decentralized and high-value nature.
Security experts report a surge in attacks on cryptocurrency holders, including the abduction and torture of Toronto’s "Crypto King" in 2022.
Cybercriminals are leveraging privacy-focused cryptocurrencies like Monero for untraceable ransomware demands, targeting both individuals and corporations.
Scammers in California send images of victims' homes, demanding Bitcoin payments and threatening to leak personal data if unpaid.
Crypto firms are urged to adopt robust security measures to protect executives, clients, and data from rising physical and cyber threats.
As crypto adoption grows, balancing the promise of decentralized finance with proactive security protocols is critical for sustainable growth.