Crypto investor tortures Italian man for Bitcoin password
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The Euro exec became a person of interest in the case after the arrest of Kentucky crypto king John Woeltz on Friday for allegedly holding wealthy trader Michael Vanlentino Teofrasto Carturan inside a Prince Street apartment and torturing him for his Bitcoin password,
John Woeltz, 37, faces multiple charges including kidnapping, unlawful imprisonment, assault, and criminal possession of a weapon.
The Kentucky-based cryptocurrency investor accused of kidnapping and torturing an Italian businessman in a sadistic attempt to extort his Bitcoin password was ordered held without bail Saturday by a Manhattan judge.
Many remember May 22, 2010 as Bitcoin Pizza Day, but Laszlo Hanyecz actually spent nearly 80,000 bitcoin that year — a sum worth over $8.7 billion today.