A wealthy crypto investor, dubbed the “Crypto King of Kentucky,” is accused of kidnapping and torturing an Italian tourist in New York to access his Bitcoin wallet.
The police found guns, drugs, and Polaroids of the victim during the raid on the Manhattan townhouse where the ordeal took place.
This case highlights a concerning trend of violent crimes targeting cryptocurrency owners worldwide, reflecting the extreme lengths thieves will go to for digital money.
The accused, John Woeltz, faces serious charges after allegedly imprisoning and torturing the victim to reveal his Bitcoin credentials, demonstrating the physical dangers associated with unregulated wealth in the crypto space.