U.S. Investor Arrested for Kidnapping and Torturing Man for Bitcoin

A U.S. cryptocurrency investor, John Woeltz, 37, faces criminal charges for allegedly kidnapping and torturing a man in Manhattan to steal his bitcoin. Key details include:

Woeltz was arraigned on charges of kidnapping, assault, and illegal gun possession.
The victim, a 28-year-old Italian man, was held captive in a luxury townhouse rented for over $30,000 per month.
Prosecutors report the victim was abused to obtain his crypto wallet credentials.
The ordeal included beatings, electric shocks, threats at gunpoint, and being dangled over a staircase.
The victim escaped and alerted police, leading to Woeltz's arrest at the scene.
Authorities found evidence of torture, including photographs and weapons.
Another suspect, Beatrice Folchi, was arrested; a third suspect remains unidentified.

This incident highlights a rise in violence linked to the cryptocurrency industry, with multiple assaults reported this year.