Crypto Investor Accused in Wild Kidnapping Plot

Okay, so get this wild story. Apparently, a grand jury just indicted this dude, John Woeltz, who's 37 and supposedly into crypto. What's he accused of? Kidnapping his business partner in fancy Soho, right here in Manhattan, and holding him for, get this, three whole weeks!

The craziest part? Prosecutors say Woeltz shocked the poor guy with electric wires and even dangled him over a staircase. All this just to get him to spill his Bitcoin password. Seriously messed up, right?

Woeltz actually got arrested back on May 23rd. Court records say that a guy, who hasn't been named, told the cops that Woeltz and another guy, William Duplessie, took his phone, passport, everything, on May 6th. They wanted that password so they could snatch his crypto. Can you imagine?

Neither Woeltz nor Duplessie, who's 33, have said if they're guilty or not yet. Their lawyers aren't saying anything either, which, tbh, isn't surprising.

Local news has been calling Woeltz a crypto investor, and the alleged victim is supposedly an Italian guy. Apparently, both of them had some connection to a crypto hedge fund here in New York. That's what the New York Times reported, anyway, citing some police report a law enforcement official talked about.

When the guy wouldn't give up his password, Woeltz and Duplessie allegedly started, like, totally beating him up. This went on for weeks until the guy somehow got away. They tied his wrists, whacked him on the head with a gun, and even threatened his family. That's all in the complaints against them.

Duplessie got arrested just the other day, on Tuesday. He's got a hearing coming up on Friday. The judges have said both of them have to stay locked up for now. Woeltz is supposed to be arraigned on June 11th. Just wild, isn't it? Makes you wonder about some of the stuff going on in the crypto world.