Suspects in Custody Over Alleged Crypto Kidnapping in Manhattan

The kidnapping and torture of an Italian tourist in Manhattan, believed to be motivated by cryptocurrency theft, has led to the arrest of two main suspects, revealing a sinister plot that unfolded in a luxury rental.

Authorities in New York have made a significant arrest in connection with a disturbing case involving the alleged kidnapping and torture of an Italian tourist, who was reportedly held captive for weeks in a high-end Manhattan residence. William Duplessie, 32, surrendered to the police after an earlier arrest of his accomplice, John Woeltz, 37, who was apprehended last week.

The victim recounted harrowing experiences, which included being dangled off a ledge, subjected to electric shocks, and attacked with a chainsaw while his captors demanded access to his cryptocurrency wallet, specifically seeking his Bitcoin password.

Both men now face multiple charges, including kidnapping for ransom, assault, and unlawful imprisonment. The latter charges emerged after the victim managed to escape from the lavish property located in SoHo, one of New York City's most affluent neighborhoods, where he had reportedly been bound and tortured for nearly three weeks.

Upon his escape, the victim contacted law enforcement, leading to an investigation that uncovered shocking evidence within the residence, including photographs documenting his torture, firearms, and illegal substances. Investigators also noted that Woeltz had rented the luxurious apartment for a monthly fee ranging between $30,000 and $40,000.

In a parallel investigation in France, over twenty individuals have been arrested in connection with a series of kidnapping attempts aimed at crypto investors and their families, highlighting a growing trend of violent crime associated with cryptocurrency in both countries.