
NYC Crypto Torture Suspect
John Woeltz Free On $1 Million Bond
… No Crypto Needed
Published
BACKGRID
One of the New York City “crypto bros” accused of kidnapping and torturing an Italian millionaire to extract his Bitcoin password is out of police custody … and it is an costly proposition.
John Woeltz posted $1 million bond Thursday … and our photog bought him strolling out of the Manhattan Criminal Courthouse.
Celebrity bail bondsman Ira Judelson put collectively the bail package deal for Woeltz … and Ira hooked up an digital monitoring system to Woeltz’s ankle earlier than taking him to an undisclosed location in New York, the place Woeltz might be underneath dwelling confinement because the case performs out.
A decide initially denied Woeltz bail again in May … however final week, a Manhattan Supreme Court Justice granted Woeltz and his alleged confederate, William Duplessie, $1 million bail every and informed them cryptocurrency wouldn’t be accepted.
Woeltz — nicknamed the “Crypto King of Kentucky” — and Duplessie have pleaded not responsible to expenses of kidnapping, assault, illegal imprisonment, and criminal possession of a weapon.
The suspects allegedly lured Italian entrepreneur Michael Valentino Teofrasto Carturan to a swanky Manhattan townhouse they have been renting and saved him trapped there for over 17 days, attempting to power him to cough up his Bitcoin password.

5/23/25
Prosecutors say the suspects drugged Carturan, pistol-whipped him, and used electrical wires to shock him. At least one of many males allegedly carried him to the highest of a staircase and threatened to throw him over a ledge if he didn’t surrender his Bitcoin password. Eventually, Carturan caved and pointed to a laptop computer the place the password was saved … at which level he ran down the steps and out the entrance door.

TMZ.com
At the time, TMZ obtained unique video of Carturan working away from the townhome, sprinting in direction of a visitors cop — moments earlier than Woeltz was arrested. Duplessie later turned himself in at a police precinct. Carturan was hospitalized and handled for accidents prosecutors say corroborate his account.
Cops say they searched the SoHo townhouse and uncovered cocaine, a noticed, hen wire, physique armor, night time imaginative and prescient goggles, ammunition, and Polaroids exhibiting a gun pointed at Carturan’s head, amongst different alleged proof.

TMZ.com
We additionally obtained movies and images revealing intercourse events and X-rated pranks — not precisely kidnapping and torture — have been taking place inside the posh residence.