Kentucky ‘crypto king’ tortured man for weeks to get Bitcoin, sources say – NBC New York

The 37-year-old Kentucky man charged with the kidnapping and torture of an Italian man allegedly held captive for weeks inside a Manhattan townhouse aimed to get the man’s password to Bitcoin, law enforcement sources say.

John Woeltz, also known by some as the “crypto king of Kentucky,” was arrested Friday and arraigned on charges of kidnapping, unlawful imprisonment and assault, among other charges.

Law enforcement sources said Woeltz and a business partner spent the last few weeks torturing their third partner, an Italian citizen, who arrived in New York City in early May. Investigators believe the relationship among the three men had been tumultuous in the past, but came to a head when the Italian arrived on May…

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