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NYC Men Charged in Alleged Crypto Kidnapping

Solomon M. by Solomon M.
June 12, 2025
in Latest News
Key Points:
  • Main event involves crypto-related kidnapping in NYC.
  • Suspects pleaded not guilty.
  • No market impact reported yet.
nyc-men-charged-in-alleged-crypto-kidnapping
NYC Men Charged in Alleged Crypto Kidnapping

Lede: John Woeltz and William Duplessie, both blockchain investors, have pleaded not guilty in New York City to charges stemming from kidnapping and torturing a 28-year-old Italian man in SoHo over a cryptocurrency dispute.

Nut Graph: According to authorities, the kidnapping, which lasted around 17 days, centered on accessing the victim’s Bitcoin. John Chell, NYPD Chief, stated,

“From what we know now, this was a dispute over crypto money. They all know each other, but this was a kidnapping for roughly 17 days, where they tortured this person.”
The impact on broader cryptocurrency markets remains minimal with no significant evidence of financial anomalies.

Investigation and Implications

The event involved John Woeltz, aged 37, and William Duplessie, aged 33. Both men, with backgrounds in blockchain investment and startups, deny the accusations. The incident highlights potential security dangers in crypto circles.

Bitcoin is reportedly the central asset in this kidnapping, but no discernible market impact has been observed. The NYPD has stated the investigation continues with interest in uncovering any related cases.

Broader implications could involve increased scrutiny on crypto transactions and ownership security, but current data shows no major shift in market patterns or protocols at this time.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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