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Showing Original Post only (View all)No crypto for me. Too dangerous. [View all]
https://www.nbcnewyork.com/new-york-city/manhattan-crypto-kidnapping-torture-bitcoin-password/6277345/
Wealthy ‘crypto king' turned NYC townhouse into torture chamber to gain partner's Bitcoin, sources say
The arrest came after the 28-year-old Italian tourist's daring escape Friday morning from the Nolita townhouse.
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 6.
Woeltz and the other partner are accused of taking the victim's passport and electronic devices, then demanding his Bitcoin password. When the 28-year-old refused, police said Woeltz and the other man ... (REDACTED) ... The victim managed to escaped (sic) on Friday morning, more than two weeks after the torture started.
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 6.
Woeltz and the other partner are accused of taking the victim's passport and electronic devices, then demanding his Bitcoin password. When the 28-year-old refused, police said Woeltz and the other man ... (REDACTED) ... The victim managed to escaped (sic) on Friday morning, more than two weeks after the torture started.
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our problem is not crypto, thats just the greediest bastards in the universe tool ....
pbmus
May 24
#5
It's too close to Ponzi. There is nothing behind it, it's just a bunch of tulips.
marble falls
May 24
#6
Don't disagree, but the same is true times10 regarding the U.S. dollar with almost NOTHING behind it!!
InAbLuEsTaTe
May 24
#10
Guess we'll see about that when tRump's global financial policies lead to hyper-inflation & financial collapse...
InAbLuEsTaTe
May 24
#18
The people who are getting rich off crypto are people who you wouldn't trust with 15 cents.
Initech
May 24
#7
You just don't understand the technology/miracle of blockchain/modern investing/money/strategic thinking/the future/econ
hatrack
May 24
#16
I equate cryto-currency with the derivatives that were so popular 20+ years ago.
no_hypocrisy
May 25
#33