Bitcoin Heist Gone Wrong: The Strange Case of the SoHo House

In a bizarre turn of events, a man accused of kidnapping for cryptocurrency was released from jail on a huge bond.

John Woeltz: Released Under Strict Conditions

• Electronic Monitor: Required to wear an electronic monitor.
• House Arrest: Must stay at home, except for:
• Medical appointments
• Court appearances
• Passport Surrender: Had to give up his passport.

Prosecutors' Concerns

Prosecutors expressed dissatisfaction with the release, citing:

• Flight Risk: Woeltz owns a private jet and a helicopter.
• Co-Accused Still Jailed: William Duplessie remains in custody.

Allegations and Victim's Ordeal

Both men deny guilt and are accused of:

• Kidnapping
• Assault
• Torture

The Crime Scene

• Location: A fancy house in SoHo, New York.
• Methods: Allegedly used electric wires, drugs, and physical torture.
• Duration: Victim held for 17 days.
• Escape: Victim fled bleeding and barefoot after providing his computer password.

Legal Responses

• Woeltz's Lawyer: Remained tight-lipped.
• Duplessie's Lawyer: Did not respond to requests for comment.
• Earlier Defense: Claimed the victim was there willingly and could leave anytime.