Crypto Trader Accused of Torturing Tourist in $40,000 NYC Apartment

A 37‑year‑old crypto investor from Kentucky faces charges after an Italian tourist escaped weeks of captivity and torture in a luxury Manhattan apartment.

The victim alerted a city traffic agent on May 23, leading police to arrest John Woeltz at the Nolita residence. Authorities say the victim had prior business dealings with Woeltz before a financial dispute prompted the alleged abduction.

Crypto Trader’s Manhattan Torture Suit

Investigators believe Woeltz lured the 28‑year‑old tourist back to New York under false pretenses. He then seized the man’s passport and confined him in a high‑end Nolita flat rented for $30,000–$40,000 per month.

During at least two weeks of captivity, the victim endured numerous abuses. He spent hours bound with electrical cords and experienced repeated tasering while his feet remained submerged in water.

Furthermore, officers reported the use of a pistol‑whip and threats with an electric chainsaw.

In addition, the captors forced the victim to ingest cocaine and attached an Apple AirTag around his neck to monitor his movements.

Police recovered Polaroid photographs documenting the abuse, alongside a firearm, night‑vision goggles, broken glass, and other items linked to torture. The victim sustained a substantial wound consistent with a chainsaw injury.

Who is John Woeltz?

Woeltz appears in Kentucky’s 2021 Blockchain Technology Working Group annual report as an administrative support contributor. He held duties coordinating state‑level blockchain initiatives under the “Bluegrass Blockchain” banner.

Moreover, public records show Woeltz participated in Ethereum hackathons. He joined the winning “Blockchain Balloting Bot” team at ETHSanFrancisco, demonstrating hands‑on development experience in smart‑contract applications.

In interviews and meetup listings, he described himself as an entrepreneur and investor with nearly a decade of Silicon Valley startup involvement.

He also led local “Tech on Tap – Blockchain” events in Paducah, Kentucky, sharing insights on decentralized finance projects.

Name of Woeltz in a Facebook Event in Kentucky. Source: Facebook

Despite his visible role in the regional blockchain scene, Woeltz maintained a limited online footprint. Police and journalists have found no verified personal social media profiles, suggesting he may operate under corporate handles or maintain strict privacy.

Meanwhile, the high cost of his Manhattan lease and reports of significant personal funds point to substantial financial means. I

nvestigators are probing whether Woeltz acted alone or enlisted accomplices. Two associates remain in custody for questioning as the NYPD’s 5th Precinct continues its inquiry.

The case has shaken both the crypto community and the tourist’s family in Italy. Prosecutors are preparing formal charges and have yet to announce details of the forthcoming indictment.