NYC Crypto Kidnapping Scheme: Two Arrested in Alleged Bitcoin Theft and Torture

Alleged Crypto Kidnapping Scheme

• 🚨 Two arrests have been made in New York City in connection with an alleged cryptocurrency kidnapping scheme.
• 💰 The scheme reportedly involved stealing a Bitcoin wallet worth millions from an Italian investor.

Details of the Alleged Crime

• ⛓️ John Waltz and his business partner, William Duplexie, are accused of kidnapping and torturing the victim.
• 📍 The victim was allegedly held captive for three weeks in a Soho apartment.
• ⚠️ Allegations include torture with electric wires, being shocked, having a leg cut with a saw, and being forced to smoke crack cocaine.
• 💸 Defendants allegedly threatened to kill the victim and his family unless he provided the Bitcoin password.

Legal Proceedings and Suspects

• ⚖️ John Waltz, a crypto investor from Kentucky, faces charges of kidnapping, assault, and unlawful imprisonment.
• 🤝 William Duplexie surrendered to police and was arraigned.
• 📅 Both suspects are being held without bail, with Waltz's case adjourned due to discrepancies and a pending legal deadline for prosecutors.
• 🏃 The victim managed to escape last Friday and alerted a traffic agent.
• 🎤 Waltz's defense attorney offered no comment beyond court statements.