Crypto trader tortured Italian man in NYC home in bid to steal his bitcoin, authorities say

A man was arrested in Manhattan for allegedly kidnapping and torturing an Italian tourist for bitcoin over several weeks. John Woeltz, 37, reportedly held the victim captive, demanding access to his bitcoin account while inflicting physical abuse, including beatings and electric shocks, until the victim escaped and sought help. Woeltz, a crypto trader with a reported net worth of $100 million, faces multiple charges, and police found evidence of the torture at his rented residence, including photographs and a firearm used in the assaults.

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