John Woeltz’s story has taken a dramatic flip following stories of kidnapping and assault. Woeltz, often known as the ‘Crypto King of Kentucky,’ has been arrested for torturing a Bitcoin investor in an try to steal their cash and now faces as much as 25 years in jail.
Crypto King Tortures Bitcoin Investor For Personal Keys
In line with the Hindustan Occasions, John Woeltz, believed to be value round $100 million, kidnapped and tortured an Italian man for his Bitcoin password in New York. Woeltz, who’s a crypto investor from Kentucky, allegedly used a chainsaw on the sufferer as a part of an try to get hold of the password. Nonetheless, he was unsuccessful with the sufferer ultimately escaping.
The sufferer broke out of the New York residence and reported to the cops that he had been held captive for over two weeks. John Woeltz reportedly kidnapped the sufferer on Could 6 after he arrived in New York from Italy, after each had agreed to satisfy. The Crypto King then snatched the sufferer’s passport and held him captive.
Woeltz tortured the Bitcoin investor and even documented it with Polaroids within the following days. The report revealed that there have been images of the sufferer, who can also be a crypto dealer, tied up with {an electrical} wire, whereas one other photograph confirmed him tied to a chair and a gun pointed at his head. The Crypto King of Kentucky went so far as threatening to kill the sufferer’s household in Italy to power him to surrender his Bitcoin password.
In the meantime, in one other act of desperation, John Woeltz took the Bitcoin investor to the highest flight of stairs of the residence and hung him over the ledge, threatening to kill him if he didn’t hand over the BTC password. The suspect had additionally reduce the sufferer’s legs and arm with a chainsaw, whereas there are photos that confirmed he was even pressured to take cocaine.
The sufferer managed to flee after telling the Crypto King that he was prepared to surrender the password by plugging it into his laptop computer. As soon as the suspect turned to get the pc, the sufferer ran to the road.
Woeltz Crypto Background And What’s Subsequent For The Crypto King
John Woeltz is thought for his wealth of expertise within the crypto business, particularly blockchain safety. He as soon as attended a crypto convention, the place he mentioned Grin’s safety audit and the hurdles concerned. The Crypto King additionally revealed that the scope of the audit was restricted to the crypto library.
Now, the Crypto King’s story has turned from a fairytale to a nightmare, with Woeltz being charged with two counts of second-degree assault, first-degree kidnapping, first-degree illegal imprisonment, and felony possession of a weapon. The courtroom has denied him bail, with the prosecutors arguing that he’s a flight threat. He faces 15 to 25 years if discovered responsible.
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