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Second crypto investor charged in alleged kidnapping, torture for Bitcoin access

  • On May 6, cryptocurrency investors John Woeltz and William Duplessie kidnapped and tortured a man in a Manhattan Soho townhouse.
  • They threatened to kill the victim's family to coerce him into revealing his computer password for access to his Bitcoin holdings.
  • The victim was held captive for 17 days, during which his captors drugged, shocked, and dangled him from a five-story staircase before he escaped bloodied and shoeless on a Friday morning.
  • During a search of the townhouse, authorities found cocaine, a saw, rolls of chicken wire, protective gear, night vision equipment, various rounds of ammunition, and polaroid pictures showing the victim with a firearm aimed at his head.
  • Woeltz remains jailed after bail denial despite his attorney citing a clean record and tech success, while Duplessie awaits indictment, highlighting growing violence against cryptocurrency holders.
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Dive into the heart of a New York business, where the "king of crypto" and his partner are accused of having tortured an Italian entrepreneur for millions in bitcoins. It's the new polar that

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WNYW broke the news in San Francisco, United States on Tuesday, May 27, 2025.
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