Overview

• William Duplessie, co-founder of Pangea Digital Asset Group and Pangea Blockchain Fund, surrendered on May 27 and faces kidnapping and abduction charges.
• He is accused of assisting trader John Woeltz in the May 13 abduction and two-week torture of 28-year-old Michael Carturan in a SoHo apartment.
• Duplessie and Woeltz allegedly targeted Carturan’s cryptocurrency account passwords to gain illicit access to his digital assets.
• Beatrice Folchi, initially detained in connection with the case, was released without charges as prosecutors continue gathering evidence.
• Law enforcement agencies, led by the Manhattan District Attorney’s office, are pursuing a third suspect believed to be the mastermind of the kidnapping.