Crypto King accused of kidnapping and torturing Italian tourist in NYC for Bitcoin password

The crypto king accused of kidnapping and torturing an Italian tourist for his Bitcoin password in a posh New York City pad is worth $US100 million ($A155m), according to law enforcement sources — who described the victim’s harrowing, weeks-long ordeal as The Wolf of Wall Street meets American Psycho.

A sallow looking John Woeltz spoke only briefly during his Saturday appearance in Manhattan Criminal Court, where he was ordered held without bail and told to stay away from the victim, New York Post reports.

Mr Woeltz, 37, muttered a nearly silent “yes” when Judge Eric Schumacher asked during the proceedings if he had a gun.

The Kentucky native didn’t have a weapon in New York, but did have one in his home state, his attorney told…

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