Crypto Investor Accused in Soho Kidnapping

Okay, so get this story. A grand jury just brought charges against a guy, 37 years old, who's into crypto. They say he totally kidnapped his business partner right there in Soho, which is a pretty fancy part of New York City. And get this, it wasn't just for a day, but like, three whole weeks! Can you even imagine?

Prosecutors say he used electric wires on the guy and even held him over some stairs, all to try and make him spill his Bitcoin password. Seriously messed up, right? This John Woeltz dude was picked up by the cops back on May 23rd, according to the court stuff.

So, there's this criminal complaint filed, and an unnamed guy told the New York City police that Woeltz and another dude, William Duplessie, snatched his gadgets and passport on May 6th. And yeah, they demanded his password so they could basically steal his crypto. Yikes. Neither Woeltz nor Duplessie, who's 33, have said if they're guilty or innocent yet. And their lawyers aren't saying anything.

Local news folks have been calling Woeltz a crypto investor, and they're saying the guy who was allegedly kidnapped is Italian. Apparently, both of them had some sort of connection to a crypto hedge fund in New York City. The New York Times reported this, and they said it was from an internal police report that a law enforcement person told them about. Wild.

When the guy wouldn't give up his password, they allegedly started beating him up pretty badly. It went on for weeks until he finally got away. The complaints against these two guys say they tied his wrists, hit him on the head with a gun, and even threatened his family. Man, that's terrifying.

Duplessie was arrested on Tuesday, and he's supposed to be in court for a first hearing on Friday. The judges have ordered that both these guys stay in jail for now. And Woeltz is set to be officially charged on June 11th. It makes you wonder, how do these situations even happen in the crypto world sometimes?