Crypto Investor Arrested in Manhattan for Kidnapping and Torture Over Bitcoin

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Bitcoin Kidnapping: The Wildest Crypto Heist You Won’t Believe! 😱💰

So, get this: a guy in Manhattan gets kidnapped over Bitcoin. I mean, who knew that digital currency could lead to such a *physical* situation? The poor victim was beaten up and forced to cough up his wallet password. Talk about a bad day! 😬

This all went down on May 6, and the guy’s name is still under wraps. Apparently, he was lured in with the promise of recovering some Bitcoin he was tricked into sending to this character named Woeltz. Classic bait-and-switch, right? 🎣

Now, Woeltz, the 37-year-old crypto investor, was arrested after the victim made a daring escape from his eight-bedroom townhouse. I mean, who needs that much space? He got help from a traffic officer—thank goodness for good Samaritans! The victim ended up at Bellevue Hospital, which is a relief, but still, what a way to spend a weekend! 🏥

Charges Galore for Woeltz

Woeltz was paraded in front of a judge on Saturday, facing charges like kidnapping, assault, and illegal gun possession. And get this—he was renting that Soho apartment for a whopping $30,000 a month! I can barely afford my coffee! ☕️

Rumor has it, Woeltz owns a 150-acre property in Kentucky and is worth $100 million. How? Who knows! Maybe he found a magic Bitcoin tree? 🌳💸

The court decided he’s staying in custody without bail. And honestly, who knows if he even knew the victim? It’s like a bad episode of a crime show! 📺

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Victim’s Torture: Not Your Average Crypto Experience

This kidnapping was apparently part of a bigger scheme involving some other shady characters. The victim was tied up, tortured, drugged, and even shocked with electric wires. I mean, come on! At one point, they threatened to hang him over a stairwell if he didn’t give up his password. Talk about taking “password security” to a whole new level! 😳

The police found all sorts of evidence: cocaine, a saw, chicken wire, body armor, night vision goggles, and even Polaroids of the victim with a gun to his head. What is this, a horror movie? 🎥

Woeltz was asked to hand over his passport because, you know, he might just decide to take a little vacation. He’s due back in court next week. Can’t wait to see how this one unfolds! 🍿

Violence on the Rise: Not Just in Movies

In another wild story, two guys, Michael Lauchlan and Gary Zaydman, were charged for running a scam with their crypto recovery business. They were stealing from customers using fake ads and actors posing as happy clients. I mean, who needs a script when you have a scam? 🎭

These incidents show that violent assaults are on the rise, especially when it comes to crypto. Security experts are saying that attacks are skyrocketing in 2025. Over 26 cases this year alone! It’s like a new trend, but not the kind you want to be part of! 📈

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2025-05-26 14:53