NYC Cryptocurrency Kidnapping: Investor Faces Felony Charges

New York City Kidnapping: Cryptocurrency Investor Faces Felony Charges A shocking case of kidnapping and torture has unfolded in New York City, involving a wealthy cryptocurrency investor and an Italian tourist. John Woeltz, 37, was arrested on Friday in connection with the incident. Court documents reveal a 17-day ordeal where the victim was held hostage in a Manhattan townhouse. The alleged motive? To force the victim to reveal his Bitcoin password. "Court documents say Woeltz shocked the victim with electric wires and forced him to take drugs," reported CBS Mornings. The victim, whose identity has not been released, reportedly told police that Woeltz also stole his electronics and passport, and threatened to kill his family. The victim managed to escape on Friday when Woeltz left the townhouse to retrieve a laptop. He was found bloodied and traumatized. Woeltz is now facing serious charges, including kidnapping, assault, unlawful imprisonment, and criminal possession of a firearm. He is scheduled to appear in court on Wednesday. This case highlights the potential dangers of cryptocurrency and the lengths some individuals will go to for financial gain. The swift action of law enforcement in apprehending Woeltz offers a measure of justice for the victim, and underscores the ongoing efforts to combat such violent crimes.