Crypto Disputes in New York
New York City has reported a disturbing case involving the alleged kidnapping and torture of an Italian tourist, seemingly in an attempt to extract Bitcoin$BTC passwords.
Here's a breakdown of the details and suspects based on recent reports:
🧩The Incident:
👉Victim:
A 28-year-old Italian man, who was a business partner of the main suspect.
👉Timeline:
The victim reportedly arrived in New York City on May 6 and was allegedly lured to a luxury townhouse in the SoHo/Nolita neighborhood. He was then held captive and subjected to torture for over two weeks, up until his escape on Friday, May 23.
👉Evidence Found:
Upon searching the townhouse, police reportedly discovered chilling evidence, including Polaroid photos of the victim being tied up and tortured, a firearm believed to have been used, and various other "torture items."
👉Motive:
Woeltz reportedly wanted to access the victim's financial accounts, specifically his crypto account.
👉Details of Alleged Torture:
Prosecutors and police have revealed graphic details of the abuse the victim endured. This includes being bound with electrical cords, tasered (including while his feet were in water), pistol-whipped, forced to ingest crack cocaine, and threatened with dismemberment using an electric chainsaw. He was also allegedly dangled over a ledge and threatened with harm to his family.
👉Escape:
The victim managed to escape on May 23 and flagged down a traffic agent, who then called 911. He was found with cuts, bruises, and ligature marks on his wrists.
🧩Suspects:
1. John Woeltz:
👉 Description: A 37-year-old cryptocurrency investor, reportedly from Kentucky. He is described as a "crypto king" by some news outlets and is said to have a net worth around $100 million, renting the luxury townhouse for $30,000 to $40,000 per month.
👉 Arrest & Charges: Woeltz was arrested on May 23, shortly after the victim's escape. He has been charged with two counts of second-degree assault, one count of first-degree kidnapping, one count of first-degree unlawful
