A shocking twist has unfolded in a disturbing crypto-related abduction case. A second suspect, a Swiss investor, is expected to turn himself in to New York police for his alleged involvement in the kidnapping and brutal torture of Italian crypto investor Teofrasto Carturan.
The Kidnapping and Torture
Carturan, who has a net worth of around $30 million, was lured to New York on May 6 under the guise of a business meeting. Instead, he was held captive in a luxury loft in Soho, where he was subjected to 17 days of torture. His captors, who included Joel Woeltz, known as the "Crypto King of Kentucky," used electricity, threatened to sever his limbs, and forced him to smoke crack in an attempt to extract the seed phrase to his crypto wallet.
The Escape
On May 23, Carturan convinced Woeltz that he needed his laptop, and when Woeltz turned his back, Carturan made a daring escape, fleeing barefoot onto the street. Surveillance footage captured his desperate run to a traffic officer for help.
Investigation and Arrests
Police arrested Woeltz at his Soho apartment, where he remains in custody. The second suspect, the Swiss businessman, is expected to surrender to authorities, although some reports suggest he may already be in custody.
Concerns Over Crypto Wealth Safety
This incident highlights the dangers of visible crypto wealth and the importance of prioritizing security and anonymity. As the investigation continues, the crypto community is left to ponder the risks associated with holding and publicly displaying digital assets.
Conclusion
The "Crypto Torture" case serves as a stark reminder of the potential dangers of crypto wealth. As the investigation unfolds, it is essential for crypto holders to remain vigilant and take necessary precautions to protect their assets and personal safety.
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