$BTC

#CEXvsDEX101 #TradingTypes101 #TradingTypes101 A shocking incident has emerged from Manhattan, where a 28-year-old Italian cryptocurrency investor, Michael Valentino Teofrasto Carturan, was allegedly kidnapped and subjected to a harrowing 17-day ordeal. Carturan, reportedly worth $30 million, had traveled from Rivoli, Italy, to New York City on May 6, 2025, to meet with crypto entrepreneur John Woeltz.

Upon arrival, Carturan was allegedly held captive in a $21 million luxury townhouse in the Nolita neighborhood by Woeltz and Swiss businessman William Duplessie. Prosecutors claim the duo sought access to Carturan's Bitcoin holdings and subjected him to severe abuse, including electrocution, physical assault, forced drug use, and psychological torment.

Carturan managed to escape barefoot on May 23, flagging down a traffic officer for help. Police investigations uncovered disturbing evidence at the townhouse, including weapons, drugs, and photographs documenting the abuse.

Woeltz was arrested on May 23, while Duplessie surrendered to authorities days later. Both face serious charges, including kidnapping and assault, with court appearances scheduled for June 11.

This case highlights the growing risks associated with cryptocurrency wealth, as similar incidents have been reported globally, including in France, Canada, and Pakistan.