Two Cryptocurrency Investors Charged in Shocking Kidnapping Case

A representation of the chilling environment connected to the kidnapping case of cryptocurrency investors.

News Summary

In a disturbing turn of events, two cryptocurrency investors were charged with kidnapping and torture after allegedly luring a victim into a Soho townhouse. The victim endured 17 days of horror, including threats, drugging, and physical abuse, all to obtain his Bitcoin password. His miraculous escape led to the swift capture of the assailants, revealing a deeper trend of violence linked to cryptocurrency theft. As investigations continue, concerns grow about the safety of cryptocurrency investors amidst rising criminal activities.

Two Cryptocurrency Investors Charged in Shocking Kidnapping Case

In a horrifying turn of events, two cryptocurrency investors were recently charged in a case of kidnapping and torture that has left many scratching their heads in disbelief. It all began on May 6, 2025, when **_William Duplessie_**, a 32-year-old investor, and **_John Woeltz_**, 37, allegedly lured their victim into an upscale townhouse located in the fashionable Soho neighborhood. What seemed like an ordinary meetup soon spiraled into a nightmare for the unsuspecting 28-year-old Italian national.

The Victim’s Harrowing Ordeal

For **_17 arduous days_**, the victim endured unspeakable horrors. He was forced into a life of torment that involved being beaten, drugged, and threatened with death. Claims of being shocked with electrical wires and even being dangled over the ledge of the townhouse stairs are just some of the chilling details that emerged.

While living this terror, his captors were not merely acting out of malevolence; they were after something very specific – the victim’s **_Bitcoin password_**. This obsession for cryptocurrency seems to have led Duplessie and Woeltz to commit heinous acts, leaving the victim traumatized.

The Great Escape

Miraculously, on May 23, as the captors left to retrieve the victim’s laptop, the young man saw an opening and made his escape. His freedom came at a price, though, as he emerged with serious injuries including lacerations, bruises, and signs consistent with having been bound. The swift response from local authorities after his escape led to Duplessie’s surrender just a few days later on May 27, while Woeltz had been arrested four days prior.

What Authorities Found

A search conducted at the lavish townhouse uncovered disturbing evidence. Authorities discovered items such as cocaine, a saw, body armor, and even night vision goggles. Further details revealed the grim reality of the victim’s plight; photographs displayed him coerced with a gun while being forced to comply with the captors’ demands.

Character Profiles of the Accused

Duplessie is not just any investor; he co-founded and currently heads the sourcing at **_Pangea Blockchain Fund_**, a notable name in the crypto world. Meanwhile, Woeltz has a background in the Kentucky crypto-mining industry, giving him claws deep into the industry as well. Interestingly, both men had a tumultuous relationship with the victim, which might have contributed to the escalation of violence. Prosecutors highlighted that this case is not an isolated incident; there has been a noticeable uptick in kidnapping and violence linked to cryptocurrency theft in recent times.

Flight Risk and Other Arrests

The situation became even more alarming when Woeltz was deemed a **_flight risk_** due to his ownership of a private jet and helicopter, raising eyebrows about his potential escape routes. In addition, another individual, **_Beatrice Folchi_**, was briefly arrested but soon released, with her charges deferred.

A Warning of Growing Trend

This case serves as a stark reminder of the darker side of the rapidly evolving cryptocurrency world. With reports of significant financial losses and violent crimes against cryptocurrency holders increasing, many are left wondering what safeguards can be implemented to protect investors. As the investigation continues, many will be watching closely to see how this tragic saga unfolds.

In a world where the promise of cryptocurrency can lead to fortunes, it is unfortunate that some are turning to violence and crime in their pursuit. It’s a turning point that might just change the landscape of digital currency investment forever.