A disturbing event unfolded in New York City's SoHo neighborhood. A young Italian man, just 28 years old, was held captive for weeks. His crime? Owning a fortune in bitcoin. This is not a movie plot. It happened in real life.

The man managed to escape on May 23. He was in bad shape, covered in blood and without shoes. He found help from an NYPD traffic agent, who quickly alerted the police. The man's ordeal began when he arrived in New York on May 6. He was lured there with a promise to retrieve his bitcoin fortune. Instead, he was held hostage in a luxurious townhouse.

Two men, John Woeltz and William Duplessie, were charged with kidnapping, assault, and unlawful imprisonment. Woeltz, originally from Kentucky, was arrested at the townhouse. He had access to a private jet and a helicopter, making him a flight risk. Duplessie turned himself in a few days later, claiming he wanted to clear his name.

The townhouse was filled with disturbing items. Investigators found a saw, crack cocaine, chicken wire, body armor, night-vision goggles, and ammunition. There were also pictures of the man with a gun pointed at his head. The suspects allegedly used electric wires to shock him, hit him with a gun, and even hung him off the building's ledge. They threatened to kill him and his family if he didn't give up his bitcoin password.

The man was tortured for 17 days. He was cut with a saw, forced to smoke crack cocaine, and even urinated on. An AirTag was tied around his neck, ensuring he couldn't escape. The man finally escaped when one of his captors left the room to get his laptop, which supposedly had the bitcoin password. He ran downstairs and bolted out of the house.

Adding to the drama, two NYPD detectives were involved in the case. They did private security work for the suspects but claimed they didn't know about the kidnapping. They were placed on desk duty pending an internal investigation. The incident has raised questions about off-duty conduct and the integrity of law enforcement.

Cryptocurrency has revolutionized the financial world. However, it has also opened doors to new forms of crime. This case highlights the dark side of bitcoin and the lengths people will go to for digital wealth. It's a stark reminder that even in the age of technology, human cruelty remains a constant threat.

The Bitcoin Hostage Drama in New York

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