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    Home » Blog » Second suspect arrested in SoHo cryptocurrency kidnapping torture plot

    Second suspect arrested in SoHo cryptocurrency kidnapping torture plot

    June 2, 2025Updated:June 2, 2025 US News No Comments
    US NEWS NYC TOURIST KIDNAPPING NY x jpg
    US NEWS NYC TOURIST KIDNAPPING NY x jpg
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    A minute suspect turned himself in on Tuesday for questioning in connection with the abduction of an Italian gentleman and torturing him inside a posh SoHo room to gain access to his cryptocurrency account, according to police.

    The fresh suspect turned himself in to police at the 13th Precinct stationhouse and is being interrogated with costs pending.

    Authorities believe that the 28-year-old victim, who is now a target of crypto trading company John Woeltz, 37, was imprisoned and tortured for 17 times as a result of the new suspect’s involvement in the case. The victim traveled to Woeltz’s elegant townhouse on Prince and Mulberry Streets to visit the&nbsp, U.S.

    Woeltz was detained on Friday after the prey managed to flee and flag down a visitors police officer who called the police. Woeltz was taken outdoors to the 13th Precinct stationhouse while being draped in a velvet coat and accused of assault and abduction. Following his trial on Saturday, he was ordered held without bail.

    When their prey arrived at the house, Woeltz and his accomplice dumped his card and gadgets and told him he don’t left, according to police.

    At Woeltz’s trial on Saturday, the two tied their victim’s forearms and over the course of three weeks subjected him to “beatings including, but not limited to, the use of electrical wires to distress him, using a rifle to strike him on the nose, and pointing the rifle at his head several times,” according to prosecutors. They urinated on the target, forced him to smoke crack cocaine by holding him over, and forced it into his mouth with a saw to cut his knee.

    According to Manhattan Assistant District Attorney Michael Mattson, the pair also “tied an airtag” to their throat with a string or wire. They claimed that if he left, they would murder his home and get the victim.

    After apprehending Woeltz, police discovered shocking Polaroid images of him and an accomplice torturing their prey and holding a gun to his head.

    Woeltz and his associate managed to obtain printed T-shirts of the target smoking crack some moment during the victim’s record. According to officials, the shirts were discovered in the home, along with body armor, night vision glasses, ammunition, and ballistic helmets.

    According to Mattson, Woeltz carried the victim to the top flight of stairs in the townhouse on Friday morning and hung him over the ledge as the defendant threatened to kill him if the victim refused to give the victim the password for bitcoin.

    The victim finally gave in after being pistol-whipped once more, but the victim claimed he needed a laptop to retrieve the password, according to the prosecutor.

    The victim was able to flee down the stairs when the defendant left the victim to retrieve her laptop, according to Mattson. The victim had no shoes on and was bloody.

    He was taken to Bellevue Hospital, where he received treatment and care.

    If found guilty, Woeltz could receive 15 years in prison.

    According to online profiles, Woeltz has “nearly a decade of experience with technology startups in Silicon Valley” and has been featured as a speaker at a number of conferences on cryptocurrency.

    Joan Woeltz, Woeltz’s mother, claimed that her son had been mining Bitcoin since he was 12 years old.

    He had been taken in and corrupted by another cryptocurrency trader while he was traveling in the crypto world. The mother claimed that he may have been the mastermind behind this scheme because they had systematically separated him from his family.

    In an exclusive interview with The News, she said,” We’ve been concerned about this person entering his life and kind of controlling it.” ” My family and I have been concerned for John’s well-being and how influenced he was by these people,” my family and I said.

    ___

    © 2025 New York Daily News.

    Tribune Content Agency, LLC distributed.

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