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CRYPTOCURRENCY SHOCK: Investor Arrested in Horrific SoHo Torture Case

arafed police car parked in front of a building with a police officer standing in the doorway

— A New York crypto investor, John Woeltz, was arrested after police say he kidnapped and tortured an Italian tourist in a SoHo brownstone. Officers claim Woeltz and his group tricked the victim into coming from Italy with fake business promises. Once here, they held him for weeks to steal his crypto accounts.

The crime happened on Prince Street in Manhattan’s trendy SoHo area. Police charged Woeltz with assault, kidnapping, unlawful imprisonment, and having a gun without permission.

This disturbing case is raising alarm about rising crime linked to cryptocurrency deals in New York City.

Law enforcement warns that the dark side of digital currency is growing fast — and it’s getting harder for officials to keep up.

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