Particle.news

Download on the App Store

Crypto Investor Held Without Bail for Kidnapping and Torturing Italian Man Over Bitcoin Password

John Woeltz, a wealthy cryptocurrency trader, faces multiple charges after allegedly detaining and torturing a 28-year-old Italian businessman in a Manhattan luxury apartment for over two weeks.

Image
Image

Overview

  • John Woeltz, 37, was arraigned Saturday on charges of kidnapping, assault, unlawful imprisonment, and criminal possession of a weapon in connection with the alleged torture of an Italian man.
  • The victim, who arrived in New York on May 6, escaped the rented SoHo apartment on May 23 and alerted a traffic officer, leading to Woeltz's arrest.
  • Prosecutors allege Woeltz and accomplices used tasers, a chainsaw, and other methods to torture the victim in an effort to obtain his Bitcoin password.
  • The victim, who suffered extensive injuries, was taken to Bellevue Hospital and is in stable condition; photographs documenting the abuse were recovered from the crime scene.
  • Woeltz, held without bail and ordered to surrender his passport, is linked to significant financial resources, including a private jet and helicopter, raising concerns about flight risk.