Crypto Crime Hits the Streets: The Manhattan Bitcoin Kidnapping
In a chilling reminder that crypto isn't just about online risks, a 28-year-old Italian crypto millionaire was kidnapped and tortured for 17 days in the heart of Manhattan. The attackers' goal? His Bitcoin wallet password.
What Happened?
The victim was lured to a Soho townhouse under threats to his family’s safety.
He was subjected to electric shocks, forced drug use, and psychological torture, including threats of being thrown from a five-story building.
He eventually escaped and contacted authorities, leading to the arrest of John Woeltz and William Duplessie.
Why This Matters
This case highlights a disturbing evolution in crypto-related crime—digital assets are now driving real-world violence. As cryptocurrencies become more mainstream, criminals are shifting tactics.
How to Stay Safe in the Crypto World
Protect Your Privacy: Never share wallet details or personal information online.
Use Cold Storage: Keep large amounts of crypto offline, out of reach.
Be Vigilant: Avoid in-person meetings with unknown contacts or too-good-to-be-true investment offers.
Watch for Social Engineering: Threats and manipulation can come from anywhere—don't fall for pressure tactics.
Crypto offers freedom, but with it comes responsibility. Stay sharp, stay private, and stay safe. #CryptoSecurity #Bitcoin #Web3 