Categories: Bitcoin Latest News

Third Arrest Made in Manhattan Bitcoin Kidnapping, Torture Case

A man suspected of helping kidnap and torture an Italian cryptocurrency investor in a Manhattan townhouse has surrendered to New York City police.

William Duplessie turned himself in Tuesday after what officials described as days of negotiations with authorities, the New York Times reports.

He is the third suspect in an alleged plot to extract the keys to a bitcoin wallet belonging to Michael Valentino Teofrasto Carturan, a crypto fund associate who said he was held captive and abused for nearly three weeks.

The ordeal began on May 6, when Carturan arrived at a 17-room townhouse on Prince Street in Manhattan’s NoLiTa neighborhood. He was set to reconnect with former fund partner John Woeltz, who, along with another associate Beatrice Folchi, allegedly ambushed him.

Police say the group attempted to force Carturan to surrender access to his crypto holdings, reportedly worth millions, through physical threats and psychological abuse.

According to law enforcement, Carturan was assaulted, suspended from the top floor of the five-story building, and held at gunpoint. He managed to escape and alert authorities nearly three weeks later.

The New York City Police Department case has drawn attention for its brutality and connection to a growing trend of physical attacks on crypto users.

In France, the daughter and grandson of Paymium CEO Pierre Noizat were recently targeted in a failed kidnapping attempt captured on video. Earlier in the same city, a crypto millionaire’s father was abducted and had a finger severed before being rescued.

Another incident saw David Balland, co-founder of hardware wallet maker Ledger, and his wife kidnapped from their home. Authorities later rescued the couple and seized the ransom payment.

While Folchi has since been released and her prosecution deferred, Woeltz is scheduled to appear in court on Wednesday. Both Woeltz and Duplessie face kidnapping, assault and illegal gun possession charges.

An attorney representing Woeltz didn’t immediately respond to a request for comment.

Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

Recent Posts

Ether is crushing bitcoin and the ‘golden cross’ says it may not be done yet

The ETH/BTC ratio has recently formed a bullish golden cross, suggesting ether could extend its…

7 minutes ago

Bessent’s $4 billion bond buyback wanted lower yields. It got a bitcoin surge instead.

Bessent’s bond-buyback plan fails to curb Treasury yields. Here's what it means for bitcoin and…

2 hours ago

Ray Dalio says investors should own ‘a bit of Bitcoin’ as U.S. debt risks rise

The Bridgewater founder says recent Treasury-market stress fits his long-running debt-crisis framework, though he still…

2 hours ago

Bitcoin and Ether bears get decimated amid ‘squeeze-led’ rally and Musk’s X wants to pay creators in stablecoins: Crypto week in 5 stories

Bitcoin and crypto staged their strongest rally in months as Treasury intervention, regulatory moves and…

2 days ago

How a Treasury buyback tweak helped bitcoin surge 25% to nearly $80,000 in days

Treasury buybacks are not QE, analysts said, but the move helped pull long-term yields off…

2 days ago

Zcash jumps 48% to over $800 as Grayscale spot ETF push adds to ‘next bitcoin’ buzz

ZEC traded above its January 2018 peak as futures volume hit billions of dollars and…

2 days ago