Crypto investor charged for kidnapping, torturing Italian national for crypto passwords

A cryptocurrency investor has been charged with kidnapping and torturing an Italian man in a shocking attempt to extract cryptocurrency passwords, according to authorities.

John Woeltz, 37, was arraigned in Manhattan criminal court on Saturday morning following his arrest on Friday. Prosecutors allege that Woeltz held the 28-year-old victim captive for several weeks in a luxury townhouse in Manhattan’s upscale SoHo neighborhood, where he subjected him to brutal torture in an effort to access his Bitcoin.