He kidnapped Michael Valentino and tortured him for 17 days.
"Tied to a chair, forced to take drugs, threatened with a chainsaw", — all to get $30M
Here's the full story. Trigger Warning: sensitive content 🧵👇
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A brutal crypto crime just shook New York.
A man was kidnapped, tortured for 17 days — all to steal access to his crypto wallet.
The story is real... disturbing.
And a warning for the entire crypto world.
The victim: Michael Valentino Teofrasto Carturan, 28, from Italy.
The attacker: John Woeltz, 37 — a wealthy crypto investor from Kentucky, known as the “Crypto King of Kentucky.”
The motive?
$30 million worth of crypto.
It started on May 6th, 2025.
Carturan arrived in NYC at the invitation of Woeltz — they had discussed “investments.”
But when he entered a luxury townhouse in Soho...
He was trapped.
His passport and devices were taken.
Then the torture began.
What happened over the next 17 days is shocking:
- He was tied up and beaten
- Electroshocked
- Threatened with a chainsaw
- Forced to take drugs
- Suspended over a stairwell
- His family was threatened
All to force him to give up crypto passwords.
May 23rd:
Carturan managed to escape.
He found a highway patrol officer and begged for help.
He was rushed to Bellevue Hospital with serious injuries.
That same day, the NYPD raided the townhouse. 🏡
What they found confirmed everything:
Weapons, drugs, torture devices, and photos of the victim.
It was all real.
Woeltz was arrested on the spot.
Police also arrested 24-year-old Beatrice Folchi, a former actress and Woeltz’s assistant.
She was allegedly involved in the abduction.
So far, no formal charges — but the investigation is ongoing.
Woeltz himself is a known figure in Kentucky.
He owns a private jet and a helicopter.
His net worth? Around $100M.
The court denied bail — he’s considered a flight risk.
His passport was confiscated.
This wasn’t a random act.
It was a premeditated attack, with one goal:
Steal $30M in crypto.
It’s the kind of story that used to sound like fiction.
But now?
It’s a real consequence of storing digital wealth.
As crypto adoption grows, so does physical risk.
You’re not just protecting wallets and seed phrases — you’re protecting yourself.
This case is a wake-up call.
Be careful who you meet, what you share, and how you secure your assets.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect @Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions. @Lachakari_Crypto is not responsible for any financial losses.
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