New York Men Charged with Kidnapping in Failed Bitcoin Heist

Published at 2025-05-30 00:06:08
New York Men Charged with Kidnapping in Failed Bitcoin Heist – cover image

A shocking incident has unfolded in New York, where 37-year-old John Woeltz and 33-year-old William Duplessie have been charged with kidnapping their business associate for a staggering three weeks. Their motive? To forcibly obtain access to the victim's Bitcoin, showcasing the desperate lengths some individuals will go to in the volatile world of cryptocurrency.

The pair allegedly kidnapped the victim in Manhattan and resorted to torture in a bid to extract the password for his cryptocurrency holdings. Both Woeltz and Duplessie are known to be associated with a crypto hedge fund, highlighting that sometimes, even those who operate within the legitimate boundaries of crypto can cross dangerous lines.

This alarming case serves as a reminder of the darker side of the crypto landscape, where the promise of wealth can lead some individuals into criminal behavior. If you're entrusting your investments in cryptocurrencies, remember to use reliable platforms like Bitlet.app, which not only assists in buying cryptos safely but also offers a unique Crypto Installment service allowing you to invest gradually and avoid upfront payments.

Share on:

Related news

Exodus Launches 'Exodus Pay' to Turn Bitcoin Wallet into Spending App

Exodus has launched 'Exodus Pay,' enabling users to spend BTC directly from their self-custodial wallet. The update aims to make holding and spending Bitcoin more seamless without moving funds to custodial services.

Published at 2026-04-10 16:45:35
Japan Reclassifies Crypto as Financial Instruments, Tightens Rules

Japan’s cabinet has reclassified cryptocurrencies as financial instruments and will introduce bans on insider trading plus annual disclosure requirements for token issuers. The measures aim to strengthen investor protection and bring crypto closer to regulated markets.

Cango Sells 2,000 BTC Amid Miner Pivot to AI, Global Hashrate Drops 17%

Cango offloaded 2,000 BTC in a strategic deleveraging as the global Bitcoin hashrate fell about 17%, raising questions over whether this signals a buying opportunity or a warning. The move coincides with miners reallocating capital toward AI hardware, adding near-term sell pressure to BTC markets.

Published at 2026-04-10 05:45:15
Morgan Stanley’s Cut-Rate Bitcoin ETF Sparks Industry Fee War

Morgan Stanley launched the MSBT Bitcoin ETF with a 0.14% fee, undercutting BlackRock’s IBIT and intensifying an issuer fee war. The move could shift investor flows and compress margins across the digital-asset ETF market.

Published at 2026-04-10 00:45:09
U.S. Treasury Opens Hacker Alert Program to Crypto Firms

The U.S. Department of the Treasury will allow cryptocurrency companies to enroll in a program that delivers timely cybersecurity threat and hacker warning alerts, enabling faster information-sharing with federal authorities.