May 28, 2025
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US Crypto Investor Charged with Kidnaping and Torturing Victim Over Bitcoin

The Investor, John Woeltz, Allegedly Held An Italian Man Capital in A $ 30KA-MONTH TOWNHOUSE TO Steal His Crypto.”, – WRITE: www.coindesk.com

The Investor, John Woeltz, Allegedly Held An Italian Man Capital in A $ 30KA-MONTH TOWNHOUSE TO Steal His Crypto.Updated May 26, 2025, 6:11 pm PUBLISHED MAY 26, 2025, 11:23 AM

A US Cryptocurrency Investor Is Facing Criminal Charges AFter Allegedly Kidnaping and Torturing a Man in Manhattan for Weeks in An Attempt to Steal His Bitcoin

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John Woeltz, 37, Was Arraigned on Saturday on Multiple Charges, Including Kidnaping, Assault, and Illegal Gun Possession, After Held A 28-Iear-Iear, Authoritities Say.

The Italian Man Traveled to New York Earlier Its Month and Was Lured to A Five-Story Rental in the Nolita NeighborHood, Were ProseCutors Say Woeltz and Annentified ACom. Crypto Wallet Credentials.

The TownHouse, Rated For At Least $ 30,000 A MONT, BECAME The Site of A Weeks-Long Ordeal. ProseCutors Say The Victim Was Beaten, Shocked with Electric Wires, and Threatened at Gunpoint.

At One Point, He Was Dangled Over a Staircase Railing and Told Hund Be Kield If IF HE DIDN’T GIVE IN. He was also warned his family would be harmed, the New York Times Reports.

The victim esced Friday Morning, Flanging Down A Traffic Officer After Fleeing The House. Police Arrested Woeltz at the Scene and Discovered Polaroid Photos Showing The Abuse, Along with Weapons and Other Torture Equipment.

A Second Person, Beatrice Folchi, Was Also Arrested, While a Third Suspect Remains at Large.

This Attack is Part of A Troubling Pattern: The Cryptocurrency Industry Has Seen Dozens of Physical Assaults this year Alone. In One Recent Case, The Daughter and Grandson of Pierre Noizat, CEO of Crypto Platform Paymum, Were Targetd in An Attempted Kidnaping CAUGHT on Video.

That attempt failed, But Earlier in the Same City, A Crypto Millionaire’s Father Was Abducted and Had A Finger Severed Being Rescued.

In Yet Another Incident, David Balland, Co-FOUNDER OF HARDWARE WALLET MAKER LEDGER, AND HIS WIFE Were Kidnapped from Their Home. They Were Later Rescued by Authoritities, and A Paid Ransom Was Seized.

Francisco Rodrigues

Francisco is a reporter for coindesk with a passion for Cryptocurrencies and Personal Finance. Before joining coindesk he worked at Major Financial and Crypto Publications. He OWNS BITCOIN, Ether, Solana, and Paxg Above Coindesk’s $ 1,000 Disclosure Thrasld.

Francisco Rodrigues

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