Crypto millionaire kidnapped and tortures Italians in New York: shock case!

Crypto millionaire kidnapped and tortures Italians in New York: shock case!

A difficult case of kidnapping and torture currently employs the New York authorities. A 37-year-old crypto investor from the USA, John Woeltz, has been on trial since Saturday. He is accused of kidnapping a 28-year-old Italian tourist and brutally abused for over three weeks in order to blackmail the password for his Bitcoin wallet. According to [Kosmo] (https://www.kosmo.at/krypto-millionaer-entfuehrist-touristen- and- Fortterte-wochenlang/), the Italian in New York, in New York, managed to follow the investor voluntarily after being attracted in advance with the promise.

Woeltz, which is known as "cryptocing" and has an estimated assets of around $ 100 million, apparently transformed his luxury apartment in Manhattan into a torture chamber. According to reports from T-Online, the investor not only exposed his victim verbally, but also physically. Beats, electric shocks and multiple threats against the life of the Italian were used to get the required information.

torture and escape

The Italian was tied up during his kidnapping and threatened with a weapon. Woeltz and an accomplice went so far to separate the victim with a chainsaw, no information about the Bitcoin accounts should be revealed. At a crucial moment while Woeltz left the apartment, the victim managed to escape on May 6th. When he escaped, he was drawn by cuts and bruises and turned to a traffic police officer who informed the police. [Kosmo] (https://www.kosmo.at/krypto-millionaer-entfuehr--touristen- und-fortterte-wochenlang/) also reports that a firearm and documentation of the torture was found when the apartment was searched.

The police later arrested Woeltz and his alleged accomplice, while a third part of the crime is still at large. Woeltz 'financial strength is also supported by his possession of luxury goods, such as a private jet and a helicopter. He was denied an release on the deposit due to the risk of escape.

crypto crime in focus

This incident is skillfully thrown into the growing threat from crypto crime. According to the Bundesdruckerei, companies are often the main sacrifices of this form of crime, but usually only after extensive ransomware or data absorption. Investigative authorities face the challenge of moving victims to report because many companies hesitate for fear of disturbing their business. The Woeltz case emphasizes the danger that can exist for private individuals through crypto crime and illustrates the need for increased vigilance for both users and the investigative authorities.

Developments in the field of cryptocurrencies show that Bitcoin is still dominant, while new currencies with stronger privacy mechanisms could make the work of the investigators difficult. The case will continue to be discussed against the sudden need for security measures and legal framework.