Crypto Investor Arrested in NYC for Kidnapping, Torturing Man Over Bitcoin Password

A crypto investor, John Woeltz, 37, was arrested in Manhattan for allegedly kidnapping and torturing a 28-year-old Italian man to access his Bitcoin wallet. The victim, held for weeks in a luxury townhouse, was bound, beaten, drugged, and electrocuted before escaping on Friday. Woeltz faces charges of kidnapping, assault, and weapons possession. Evidence included cocaine, night vision goggles, and Polaroids of the victim at gunpoint.

This incident underscores a rising trend of violent "wrench attacks" targeting crypto holders, with at least 26 such cases reported in 2025, including a recent attempted kidnapping in Paris and a $123,000 theft in London.

This footage is from April 2013 on the TV show The Closing Bell. It highlights a powerful lesson: sometimes it's smarter to embrace something new rather than dismiss it.

Being early—or taking a risk—can pay off big time!

Previous all-time high was $109,114.88 — and we’re getting very close to that now. The big question, of course, is whether we’ll see a breakout or if this turns into a consolidation phase with some profit-taking. Personally, I think opening a short around $110,000 makes sense.

Bitcoin’s not far from its all-time high again. It might need serious momentum to push much further, but it’s still impressive how it bounced back from around 76,000 USD in late March to over 105,000 USD now.

In my opinion, it’s also the safest crypto to trade. Most other coins can swing wildly and catch you off guard, especially if you’re trading with leverage.

Looking to short a token? $MELANIA (Melania Meme Token) might be your top choice. It’s been falling since launch, and let’s face it—Melania Trump isn’t promoting this. A solid bet for shorts, but beware of squeezes. Never risk more than 5% of your trading account.