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Crypto Investor Charged With Kidnapping, Torturing Man in NYC Over Bitcoin Password

Crypto Investor Charged With Kidnapping, Torturing Man in NYC Over Bitcoin Password

In brief

  • A crypto investor was arrested in NYC for kidnapping and torturing a man for access to his Bitcoin wallet.
  • The victim escaped after weeks of captivity in an upscale Manhattan apartment.
  • It comes amid a growing trend in violent ‘wrench attacks’ worldwide.

A crypto investor has been arrested and charged with kidnapping and torturing another man in a violent bid to obtain access to his Bitcoin wallet, prosecutors said Saturday, according to a Saturday report by the Associated Press.

John Woeltz, 37, was taken into custody Friday night after his alleged victim escaped a luxury Manhattan townhouse where he had been held captive for weeks. According to prosecutors, the man was bound, beaten, drugged, and electrocuted as part of a…

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