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Suspect in NYC crypto kidnapping case released on $1 million bond

MANHATTAN, NEW YORK CITY, JUL 31 – John Woeltz was released on $1 million bond with electronic monitoring while his co-defendant remains detained, accused of kidnapping to extort Bitcoin from the victim, prosecutors said.

  • On Thursday, crypto investor John Woeltz was released on $1 million bond, fitted with an electronic monitor, ordered to home confinement, and surrendered his passport.
  • Driven by a plan to steal Bitcoin, Woeltz and Duplessie allegedly threatened the Italian man on May 6, then tortured him with electrical wires, crack smoking, and dangled him from a staircase five stories high.
  • Manhattan District Attorney Alvin Bragg’s office opposed bail, citing Woeltz’s access to a private jet and helicopter, while William Duplessie remains in custody after pleading not guilty.
  • According to the Manhattan court schedule, John Woeltz must leave his apartment only for emergencies, doctor appointments and court appearances, with a next court date in October.
  • As part of his escape, the Italian man, victim, fled barefoot and bloodied to police when captors went to retrieve his device, defense lawyers claim he participated willingly in activities at SoHo house.
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24 Articles

Fox5 DCFox5 DC
+3 Reposted by 3 other sources
Center

Alleged bitcoin torturer walks free on $1M bond after two-month Rikers Island detention

Bitcoin torture suspect John Woeltz was freed on $1 million bond after two months in custody for allegedly kidnapping and torturing an Italian crypto trader.

·Washington, United States
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Associated Press NewsAssociated Press News
+14 Reposted by 14 other sources
Lean Left

Suspect in NYC crypto kidnapping case released on $1 million bond

A crypto investor charged with kidnapping an Italian man in a Manhattan townhouse for days to steal his Bitcoin has been released $1 million bond.

·United States
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TMZ broke the news in Los Angeles, United States on Thursday, July 31, 2025.
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