Swiss Businessman to Surrender in Shocking New York Crypto Torture Case

A second man involved in a terrifying crypto kidnapping case in New York is expected to turn himself in. He’s a Swiss businessman and co-founder of a trading company. This follows the arrest of Joel Woeltz, also known as the “Crypto King of Kentucky.”

🧨 Torture for a Seed Phrase

The victim, Teofrasto Carturan, a wealthy Italian crypto investor, was worth about $30 million. He came to New York on May 6 to meet “business partners,” but was instead kidnapped and tortured for 17 days. The kidnappers wanted the seed phrase to access his crypto wallet.

They tied him up in a luxury Soho apartment, shocked him with electricity, forced him to smoke drugs, and even pointed a gun at his head. It was all done to try and steal his crypto.

🏃 Escape Caught on Video

On May 23, Carturan escaped barefoot and ran to a traffic officer for help. The police arrested Woeltz the same day. The Swiss businessman may already be in custody or is about to surrender.

⚠️ Crypto Can Be Dangerous

This case shows the risks of being openly wealthy in crypto. Seed phrases are powerful — and in the wrong hands, deadly.

📌 Stay Safe, Stay Private.

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