Archive · 1 Jun 2025
Crypto Duo Charged in Alleged Kidnapping and Bitcoin Theft
A crypto entrepreneur was allegedly kidnapped in New York City in an attempt to steal his Bitcoin.
The victim, visiting from Italy, was held captive for 17 days in a luxury apartment.
The captors demanded the password to his Bitcoin, and when he refused, they allegedly tortured him.
Two men, one with a philosophy degree and the other a blockchain startup founder, have been charged with kidnapping and other crimes.
The incident highlights the growing risk of crypto-related crimes due to the increasing value of Bitcoin and ease of transfer.
An Italian crypto entrepreneur was allegedly kidnapped in Manhattan for his Bitcoin access.
John Woeltz and William Duplessie are charged with kidnapping and torture.
The victim was held captive for 17 days in a luxury apartment.
The suspects demanded the victim's Bitcoin password and allegedly tortured him after refusal.
The incident reflects the growing threat of cryptocurrency-related crimes.
- Who
- John Woeltz, William Duplessie, and the victim Michael Valentino Teofrasto Carturan.
- What
- A crypto entrepreneur was allegedly kidnapped in an attempt to steal his Bitcoin.
- When
- The victim was held captive for 17 days ending on May 23.
- Where
- Manhattan, New York
- Why
- The kidnappers wanted access to the victim's Bitcoin assets.
Prosecution
Defense
Character of Woeltz
Prosecution
The victim was tortured after refusing to provide the password.
Defense
Woeltz's lawyer claims his client has no prior criminal record and is a successful individual.
- Victim
- Michael Valentino Teofrasto Carturan
- Suspects
- John Woeltz, William Duplessie
- Charges
- Kidnapping, assault, unlawful imprisonment
- Location
- Manhattan, New York
- Incident Duration
- 17 days
- Motive
- Bitcoin password
- Apartment Rent
- $30,000 per month