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Crypto investor charged with kidnapping, torturing an Italian for passwords

A Manhattan crypto investor is facing serious charges after allegedly kidnapping and torturing an Italian man in a disturbing bid to extract access to digital assets.

John Woeltz, 37, was arraigned on Saturday in Manhattan criminal court following his arrest on Friday. He stands accused of holding a 28-year-old Italian man captive for weeks inside a luxury townhouse in Soho, reportedly rented for $30,000 per month.

According to police reports cited by The New York Times, the victim arrived in the US on May 6 and was allegedly abducted by Woeltz and an accomplice.

The attackers are said to have stolen the man’s passport and electronic devices before demanding the password to his Bitcoin (BTC) wallet. When he refused, the suspects allegedly subjected him to prolonged physical abuse.

Crypto investor charged with kidnapping, torturing an Italian for passwords
Source: Mario Nawfal

Related: Violent crypto robberies on the rise: Six attacks that targeted investors

Crypto victim beaten, electroshocked

The victim described being beaten, shocked with electricity, assaulted with a firearm and even dangled from the upper floors of the five-story building.

He also told police that Woeltz used a saw to cut his leg and forced him to smoke crack cocaine. Threats were also reportedly made against his family.

Photographic evidence found inside the property, including Polaroids, appears to support claims of sustained abuse. The victim managed to escape on Friday and alert authorities, leading to Woeltz’s arrest.

Woeltz was charged with four felony counts, including kidnapping for ransom, and entered a plea of not guilty. Judge Eric Schumacher ordered him to be held without bail. He is expected back in court on May 28.

A 24-year-old woman was also taken into custody on Friday in connection with the incident. However, she was seen walking freely in New York the next day, and no charges against her were found in the court’s online database.

Authorities have yet to clarify the relationship between the suspect and the victim or whether any cryptocurrency was ultimately stolen.

Related: Crypto crime goes industrial as gangs launch coins, launder billions — UN

Crypto executives turn to bodyguards

Executives and investors in the crypto industry are increasingly seeking personal security services as kidnapping and ransom cases surge, especially in France.

On May 18, Amsterdam-based private firm Infinite Risks International reported a rise in requests for bodyguards and long-term protection contracts from high-profile figures in the space.

French authorities have responded by introducing enhanced protections for crypto entrepreneurs and their families, including security briefings and priority access to police assistance.

This comes amid a recent surge in kidnappings and ransom attempts. David Balland, the co-founder of hardware wallet company Ledger, was kidnapped in January 2025 and held for ransom for several days before being rescued by French police.

In May 2024, the father of an unnamed crypto entrepreneur was freed from a ransom attempt after French law enforcement officials raided the location in a Paris suburb where the individual was being held hostage by organized criminals.

Magazine: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster: Asia Express

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More children from Gaza to be brought to UK for urgent medical treatment

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More children from Gaza to be brought to UK for urgent medical treatment

Efforts to bring Gazan children to the UK for urgent medical treatment are set to be accelerated under new government plans.

Under the scheme, reportedly set to be announced within weeks, more injured and sick children will be treated by specialists in the NHS “where that is the best option for their care”.

It has been suggested that up to 300 children could arrive in the UK from Gaza.

A parent or guardian will accompany each child, as well as siblings if necessary, and the Home Office will carry out biometric and security checks before travel, the Sunday Times has reported.

It is understood this will happen “in parallel” with an initiative by Project Pure Hope, a group set up to bring sick and injured Gazan children to the UK privately for treatment.

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A 15-year-old boy from Gaza brought to the UK for urgent medical treatment this week has told Sky News of his joy and relief. Majd lost part of his face as well as his entire jaw and all his teeth in a tank shell explosion.

A government spokesperson said: “We are taking forward plans to evacuate more children from Gaza who require urgent medical care, including bringing them to the UK for specialist treatment where that is the best option for their care.”

More than 50,000 children are estimated to have been killed or injured in Gaza since October 2023, according to Unicef.

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So far, three children have arrived in the UK for medical treatment with the help of the charity Project Pure Hope.

Around 5,000 have been evacuated in total, with the majority going to Egypt and Gulf countries.

Sir Keir Starmer said last week that the UK was “urgently accelerating” efforts to bring children over for treatment.

The government has also pledged another £1m to help the World Health Organisation in Egypt provide medical support to evacuated Gazans.

The prime minister told the Mirror: “I know the British people are sickened by what is happening.

“The images of starvation and desperation in Gaza are utterly horrifying. We are urgently accelerating efforts to evacuate children from Gaza who need critical medical assistance – bringing more Palestinian children to the UK for specialist medical treatment.”

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Around 100 MPs have signed a letter urging the government to fast track the scheme.

Labour MP Stella Creasy, who co-ordinated the letter, said: “The commitment we all share to help these children remains absolute and urgent – with every day, more are harmed or die, making the need to overcome any barriers to increasing the support we give them imperative.

“We stand ready to support whatever it takes to make this happen and ask for your urgent response.”

Meanwhile, Project Pure Hope has been campaigning for months to create a scheme which would allow for the evacuation of 30 to 50 children.

The charity has raised the money to bring the children and their families to the UK, and cover their medical costs, privately.

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The token is dead, long live the token

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The token is dead, long live the token

The token is dead, long live the token

Crypto tokens have failed retail investors through insider concentration and poor design. Regulation and tokenized real-world assets offer hope for revival.

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Clampdown on social media ads for Channel crossings unveiled

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Clampdown on social media ads for Channel crossings unveiled

Anyone who advertises Channel crossings or fake passports on social media could face up to five years in prison under new government plans.

Research suggests about 80% of migrants arriving to the UK by small boat used internet platforms during their journey – including to contact agents linked to smuggling gangs.

While it is already illegal to assist illegal immigration, ministers hope the creation of a new offence will give police more powers and disrupt business models.

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Small boat crammed with migrants in Channel

Home Secretary Yvette Cooper is also planning to introduce a fast-track scheme to tackle the asylum backlog, meaning decisions will be made within weeks.

It comes as official figures show more than 25,000 people have arrived on small boats so far in 2025 – a record for this point in the year.

Ms Cooper said it is “immoral” for smugglers to sell false promises online, adding: “These criminals have no issue with leading migrants to life-threatening situations using brazen tactics on social media.

“We are determined to do everything we can to stop them, wherever they operate.”

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The new offence prohibiting the online promotion of Channel crossings is set to be included in the Border Security, Asylum and Immigration Bill already going through Parliament.

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More migrants arrive in Dover

Officials from the National Crime Agency already work with tech giants to remove such posts – with more than 8,000 taken offline last year.

A Preston-based smuggler who was jailed for 17 years had posted videos of migrants thanking him for his help.

Meanwhile, Albanian smugglers have created promotions for £12,000 “package deals” which claim to offer accommodation and a job in the UK on arrival.

The Conservatives have described the measures as “too little, too late” – and say automatic deportations are the only way to tackle small boat crossings.

Shadow home secretary Chris Philp said: “Labour still has no clear plan to deter illegal entry, no effective enforcement and no strategy to speed up removals. This is a panicked attempt to look tough after months of doing nothing.”

Read more UK news:
Inside prison doing family visits differently
UK’s most wanted man on run for 20 years
Couple relive watching hours of riot chaos

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Waves and kisses from asylum hotel window

It comes as protests outside hotels believed to be housing asylum seekers continue in towns and cities across the UK.

Several demonstrators were detained – with police breaking up brief clashes – outside the Thistle City Barbican Hotel in north London yesterday.

The government is legally required to provide accommodation and subsistence to destitute asylum seekers while their claims are being decided, most of whom are prohibited from working.

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