🕵️ A dramatic twist unfolds in a shocking crypto-related abduction: a second suspect — a Swiss investor — is expected to turn himself in to New York police. The case, which has rocked the crypto world, exposes the dark side of digital wealth.

🔒 Second Suspect May Already Be in Custody or Will Surrender Soon

According to several U.S. news outlets, the second man allegedly involved in the kidnapping and brutal torture of Italian crypto investor Teofrasto Carturan is expected to surrender to authorities. Some sources suggest he might already be in custody. The individual is reportedly a Swiss businessman and co-founder of a trading firm.

He is believed to have aided Joel Woeltz, known as the “Crypto King of Kentucky,” who faces charges of kidnapping, unlawful imprisonment, and assault. The victim, Carturan, is said to have a net worth of around $30 million.

Video here: https://www.youtube.com/watch?v=PrUOfpYHgFg

🧨 17 Days of Hell for a Seed Phrase

Carturan arrived in New York on May 6, allegedly to meet “business partners.” Instead, he ended up bound with electrical cords in a luxury loft in Soho. The kidnappers reportedly tortured him with electricity, held a power saw to his leg, and threatened to sever limbs — all to force him to reveal the seed phrase to his crypto wallet.

Police later stated he was forced to smoke crack, urinated on, and had a gun pointed to his head. Photos reportedly show him tied to a chair during the ordeal. The apartment was described as a “frat house gone wrong,” with stripper poles and luxury alcohol scattered across five floors.

🏃 Escape Caught on Camera

On May 23 — the day kidnappers reportedly told him would be his “last” — Carturan convinced Woeltz he needed his laptop. When Woeltz turned his back, Carturan fled barefoot onto the street.

Surveillance footage shows him running to a traffic officer for help. Police soon arrested Woeltz at his Soho apartment, where he remains in custody. His next court appearance is scheduled for May 28.

👀 Crypto Wealth as a Target

This incident reignites concerns about how visible crypto wealth can attract extreme danger, especially when public knowledge or associations are involved. Police are now investigating the full role of the second suspect — the Swiss businessman who, according to some reports, has already agreed to surrender.

📝 Takeaway: A chilling attempt to extract a crypto seed phrase through physical torture underscores just how life-threatening digital wealth can become. The investigation continues, but one thing is clear — being rich in crypto might come at an unexpectedly high cost.




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