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New York crypto investor accused of kidnapping Italian tourist

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New York crypto investor accused of kidnapping Italian tourist

A 37-year-old cryptocurrency investor appeared in court on Saturday after being arrested for allegedly kidnapping and torturing an Italian tourist in a Manhattan home, according to media reports.

John Woeltz was arraigned in New York Criminal Court at 9:00 EST (14:00 BST) on charges of kidnapping with intent to collect ransom, assault, unlawful imprisonment and other counts, court records show.

A second person, 24-year-old Beatrice Folchi, was arrested on Saturday in connection to the case, according to the BBC’s US partner CBS News.

The pair were taken into custody after the victim managed to escape a home in SoHo, where he was allegedly tortured and bound for weeks, police said.

The BBC has contacted the New York Police Department, the Manhattan District Attorney’s Office and Mr Woeltz’s attorney for comment.

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The 28-year-old victim, who has not been named, was taken to the hospital and is in stable condition, police have said. Officers found several Polaroid photos of the victim being tied up and tortured, as well as firearms, in the luxury townhome, according to reports.

The victim told police he came to New York from Italy on 6 May, and that upon arriving at the suspect’s house, Mr Woeltz took his passport and allegedly held him captive until he escaped on Friday morning.

According to a criminal complaint obtained by ABC News, the victim told police that Mr Woeltz and another person beat him and hanged him off a ledge when he refused to provide his bitcoin password.

Mr Woeltz is a crypto investor from Kentucky and has been renting the SoHo home for between $30,000 (£22,000) and $40,000 per month, according to CBS News.

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Analysts Warn Silver Bubble Signals Can Appear Without Major Trend Reversal

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Analysts Warn Silver Bubble Signals Can Appear Without Major Trend Reversal
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Disappointed By Bitcoin And Dogecoin In 2025? These Coins Soared Over 2000% To Dominate The Gainers List

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Disappointed By Bitcoin And Dogecoin In 2025? These Coins Soared Over 2000% To Dominate The Gainers List

Amid a year of big losses for major large-cap cryptocurrencies, two under-the-radar tokens captured the market’s attention by delivering eye-popping returns.

The Unprecedented Surge

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Solana (CRYPTO: SOL)-based memecoin pippin (PIPPIN) skyrocketed 5384% in 2025 to become the cryptocurrency market’s biggest gainer of the year.

Largely dormant throughout the year, the coin ignited an explosive rally around mid-November, culminating in an all-time high of $0.6109 last week.

PIPPIN was launched as a viral AI-generated unicorn image by Yohei Nakajima, creator of the autonomous AI agent BabyAGI. After going viral on social media, the community decided to transition the token into an autonomous AI agent on X.

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Cryptocurrency YTD Gains +/- Price (Recorded at 8:14 p.m. ET)
pippin +5384.24% $0.4212
AB +2716.16% $0.004567

See Also: Bitcoin Failed As ‘Store Of Value’ In 2025, But These Crypto Derivatives Of Gold, Silver Delivered Sharp Returns — Check Them Out

Similarly, AB (AB) token rallied 2716%, emerging as the second-most successful cryptocurrency of the year. Unlike PIPPIN, the coin erupted to new highs in early 2025 but lost its footing in the later stages.

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AB, formerly known as Newton Project, is a modular blockchain ecosystem focused on cross-chain interoperability and real-world asset integration. The native token is used for paying transaction fees, executing smart contracts and enabling governance.

These towering gains stood in stark contrast to the losses endured by more popular assets like Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE), which lost their way in the last quarter of the year following robust rallies earlier.

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While Bitcoin lost 4.59% year-to-date, Dogecoin has bled 60% since 2025 started.

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Photo Courtesy: Alexandru Nika on Shutterstock.com

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Landmark Crypto Bills Drive 2025 Regulatory Shift as Congress Signals Commitment to Digital Asset Growth

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Landmark Crypto Bills Drive 2025 Regulatory Shift as Congress Signals Commitment to Digital Asset Growth
U.S. crypto regulation advanced sharply in 2025 as Congress set stablecoin rules, embraced regulated digital finance and accelerated market structure efforts, marking a broad legislative push that brought long-sought clarity to digital assets.
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