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Crypto Investors Accused of Manhattan Torture Granted $1M Bail

The ruling bars cryptocurrency for bail to address flight risk worries over digital assets

Overview

  • William Duplessie and John Woeltz pleaded not guilty to kidnapping, assault, unlawful imprisonment and weapons charges in the alleged abduction of Italian bitcoin millionaire Michael Carturan.
  • Justice Gregory Carro set $1 million bonds for each defendant and ordered home confinement with electronic monitoring and passport surrender.
  • The judge prohibited using cryptocurrency to pay bail to address concerns that digital assets could facilitate their flight.
  • Investigators seized weapons, torture instruments and a manifesto outlining plans to steal foreigners’ crypto from the six-floor SoHo townhouse.
  • Prosecutors are analyzing dozens of seized phones, laptops and crypto storage devices and probing links to other potential victims ahead of the October 15 hearing.