Suspects in Crypto Torture Case Granted Bail
Main Idea
Two men accused of kidnapping, assault, and coercion involving a victim held for weeks and forced to access his Bitcoin holdings have been granted $1 million bail each.
Key Points
1. John Woeltz, 37, and William Duplessie, 33, were granted $1 million bail by a New York judge and pleaded not guilty to charges of kidnapping, assault, and coercion.
2. The victim, a 28-year-old Italian man, was allegedly held captive for weeks and forced to access his Bitcoin holdings before escaping and seeking help from a traffic officer.
3. Woeltz, a crypto investor from Kentucky, was arrested at the scene with body armor and signs of a premeditated attack.
4. The next court appearance for Woeltz and Duplessie is scheduled for Oct. 15.
5. The victim was hospitalized with injuries consistent with prolonged abuse.
Description
Prosecutors allege the victim was held for weeks, physically abused, and threatened with death unless he surrendered access to his Bitcoin. The suspects deny the charges, and claim the incident was a consensual hazing. Authorities discovered weapons, drugs, and surveillance equipment at the scene, and both men are now under strict bail conditions ahead of their next court date on Oct. 15. Kidnapping Suspects Freed on $1 Million Bail Two men accused of abducting and torturing an Italian crypto tr...
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