Crypto Investor Accused of Kidnapping and Brutality

Okay, so get this wild story. It sounds like a movie, but it's real life. A guy, John Woeltz, who's apparently a crypto investor, is in some serious trouble.

Prosecutors dropped the news on Wednesday that a grand jury said this 37-year-old totally kidnapped his business partner. And it wasn't just for a day or two, nope, three whole weeks in fancy Soho! Can you even imagine?

The accusations are pretty shocking. They said he roughed up the guy, even using electric wires, trying to get him to spill his Bitcoin password. And get this, they supposedly dangled him over a staircase! Seriously, what is even happening?

John Woeltz got nabbed on May 23rd, the court stuff shows. According to some official papers filed in court in Manhattan, a guy who hasn't been named yet told the police in New York City that Woeltz and another dude, William Duplessie, took his gadgets and passport on May 6th and demanded his password. Why? So they could swipe his cryptocurrency, obviously.

Neither Woeltz nor Duplessie, who's 33, have said if they're guilty or not yet. Their lawyers didn't want to say anything either.

Local news people have been calling Woeltz a crypto investor, and they're saying the guy who was allegedly hurt is Italian. Both of them had some connection to a crypto hedge fund right here in New York, the New York Times reported. They apparently got this info from a police report that a law enforcement person talked about.

When the guy wouldn't give up his password, Woeltz and Duplessie reportedly started beating him up, pretty badly, it sounds like. This went on until the guy somehow got away weeks later. The complaints against the two men say they tied his wrists, hit him on the head with a gun, and even said they'd kill his family. Seriously messed up.

Duplessie was arrested on Tuesday and needs to show up in court on Friday for an early hearing. Judges have said both of these guys need to stay locked up for now. Woeltz is set to go to court on June 11th.

What do you even think about all of this? It makes you wonder about the world of crypto sometimes, huh? Like, are there risks you just don't even think about?