Swiss Businessman to Surrender in Chilling
New York ‘Crypto Torture’ Case — Victim Escaped Barefoot
A disturbing crypto-related abduction case has taken a dramatic turn as a second suspect — a Swiss businessman — is expected to surrender to New York authorities. The case has sent shockwaves through the crypto community, revealing the dark risks that come with digital wealth.
🕵️ Swiss Investor to Face Justice
Multiple U.S. news outlets report that the second suspect involved in the brutal kidnapping and torture of Italian crypto investor Teofrasto Carturan may soon surrender to police — or may already be in custody. The man, reportedly a Swiss national and co-founder of a trading firm, is accused of assisting Joel Woeltz, infamously dubbed the “Crypto King of Kentucky.”
Woeltz currently faces charges of kidnapping, unlawful imprisonment, and assault. The victim, Carturan, is believed to hold a crypto fortune valued around $30 million.
🎥 Watch the story unfold: Video link
🔐 17 Days of Torture for a Seed Phrase
Carturan landed in New York on May 6, allegedly to meet with business associates. Instead, he was abducted and taken to a luxury Soho loft where he was held captive for 17 horrifying days.
During this time, he was:
Bound with electrical cords
Electrocuted
Forced to smoke crack
Urinated on
Threatened with a power saw and firearms
The goal? Extract the seed phrase to his crypto wallet.
Photos show Carturan tied to a chair, his captors reportedly turning a five-floor luxury apartment — complete with stripper poles and top-shelf liquor — into a scene of psychological and physical torment.
🏃♂️ Barefoot Escape Caught on Camera
On May 23, the kidnappers allegedly told Carturan it would be his “last day alive.” Seizing a moment of distraction, he convinced Woeltz he needed his laptop — and escaped barefoot into the street.
Surveillance footage captured the moment he sprinted toward a traffic officer for help. Police quickly moved in, arresting Woeltz at the scene. He remains in custody, with his next court appearance set for May 28.
🚨 Crypto Wealth: A Dangerous Spotlight
This harrowing ordeal underscores a disturbing reality: crypto wealth can become a life-threatening liability — especially when it’s public knowledge.
Authorities are now investigating the role of the Swiss businessman, who is believed to have played a significant part in the scheme and may soon surrender voluntarily.
📝 Key Takeaway
This case is a chilling reminder that in the age of digital assets, your seed phrase can be more valuable — and dangerous — than cash. As the investigation deepens, the crypto world is forced to reckon with a new truth: riches on the blockchain can make you a target in real life.
📢 Stay ahead of crypto threats and breaking stories — follow our profile for the latest in blockchain, Web3, and security news.
Disclaimer: This article is for educational purposes only and should not be interpreted as financial or investment advice. Cryptocurrency investments carry risk and may result in significant financial loss.
#CryptoCrime #CryptoSecurity #Web3 #BlockchainNews #DigitalWealth #CryptoAlert #SeedPhraseSaf