Alleged Bitcoin Kidnapping Rocks NYC Crypto World

OMG, so you won't believe this crazy story from New York. Apparently, a dude named John Woeltz, who's like, 37 and into crypto, just got indicted. Yeah, a grand jury said he allegedly snagged his business partner and held him in an fancy part of town for three whole weeks! Can you even imagine?

The really messed up part is they apparently shocked the guy with wires and even dangled him over a staircase. All to get him to hand over his Bitcoin password. Seriously, what is wrong with people? Woeltz got busted back in May, like the 23rd.

According to court papers, the victim, who hasn't been named, told the police that Woeltz and another guy, William Duplessie, took his electronics and passport on May 6th. They basically said, 'give us your password so we can steal your crypto.' Wild, right? Neither Woeltz nor Duplessie, who's 33, have said if they are guilty or not yet. Their lawyers didn't want to talk about it.

Local news folks are calling Woeltz a crypto investor and are saying the guy who was allegedly kidnapped is Italian. Both of them apparently had some kind of connection to a crypto hedge fund in New York, according to the New York Times, who saw a police report.

When the poor guy wouldn't spill the password, Woeltz and Duplessie are accused of beating him up a bunch until he finally got away weeks later. The complaints say they tied his wrists, hit him in the head with a gun, and even said they'd kill his family. Duplessie was arrested recently, on Tuesday, and he's got a court thing coming up soon on Friday. The judges said both guys have to stay locked up. Woeltz is supposed to go to court again on June 11th.

It just makes you think, how far will people go for money or crypto? What do you think?