Two men accused of kidnapping and torturing a cryptocurrency holder in New York City have entered not guilty pleas. John Woeltz and William Duplessie faced charges of kidnapping and false imprisonment of Michael Valentino Teofrasto Carturan. The victim, a tourist and friend, was allegedly subjected to electric shocks and beatings in an attempt to access his crypto wallet. Justice Gregory Carro ordered the accused to be held without bail, with a potential life sentence if convicted. The incident is part of a global trend of attacks targeting individuals with ties to digital assets. In a separate case in France, individuals connected to a crypto company were targeted. The New York Police Department is investigating allegations of officer involvement in the kidnapping. Mayor Eric Adams has promoted New York City as crypto-friendly, advocating for BTC-backed municipal bonds and calling for changes to the BitLicense program. Read more AI-generated news on: https://app.chaingpt.org/news

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