A disturbing case has unfolded in New York City. A man was held captive for weeks in a luxurious Manhattan apartment. This was not a typical kidnapping. The victim was tortured and forced to reveal his Bitcoin password. The man behind this crime is a 37-year-old cryptocurrency investor named John Woeltz.

The victim, a 28-year-old from Italy, arrived in New York in early May. He was abducted on May 6. The details of how he met Woeltz are unclear. What is clear is that the victim was subjected to severe abuse. He was bound, drugged, and shocked with electric wires. His captors even threatened to kill him if he did not give up his Bitcoin password.

The victim managed to escape on Friday night. He ran out of the apartment and flagged down a traffic officer for help. This officer played a crucial role in bringing the ordeal to an end. The victim was taken to a hospital and treated for injuries consistent with his descriptions of being bound and assaulted.

Woeltz was arrested and charged with kidnapping, assault, unlawful imprisonment, and criminal possession of a firearm. He was ordered held without bail. A search of the townhouse revealed a disturbing array of items. These included cocaine, a saw, chicken wire, body armor, night vision goggles, ammunition, and Polaroid photos of the victim with a gun pointed to his head.

The victim's escape was a turning point. He was able to run out of the apartment when the suspect turned his back. This bravery led to Woeltz's arrest. The case highlights the dark side of the cryptocurrency world. It also raises questions about the lengths people will go to for financial gain.

The victim's ordeal is a stark reminder of the dangers that can lurk in unexpected places. It is also a testament to the resilience of the human spirit. The victim's bravery in escaping and seeking help is commendable. This case serves as a wake-up call. It underscores the need for vigilance and awareness in an increasingly digital world.

A Cryptocurrency Nightmare in NYC

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