NYC Crypto Torture-Kidnapping Suspect John Woeltz Posts $1 Million Bond

One of many New York Metropolis “crypto bros” accused of kidnapping and torturing an Italian millionaire to extract his Bitcoin password is out of police custody … and it is an costly proposition.

John Woeltz posted $1 million bond Thursday … and our photog acquired him strolling out of the Manhattan Legal Courthouse.

Movie star bail bondsman Ira Judelson put collectively the bail package deal for Woeltz … and Ira hooked up an digital monitoring machine to Woeltz’s ankle earlier than taking him to an undisclosed location in New York, the place Woeltz will likely be below dwelling confinement because the case performs out.

A decide initially denied Woeltz bail again in Could … however final week, a Manhattan Supreme Court docket Justice granted Woeltz and his alleged confederate, William Duplessie, $1 million bail every and advised them cryptocurrency wouldn’t be accepted.

Woeltz — nicknamed the “Crypto King of Kentucky” — and Duplessie have pleaded not responsible to prices of kidnapping, assault, illegal imprisonment, and prison possession of a weapon.

The suspects allegedly lured Italian entrepreneur Michael Valentino Teofrasto Carturan to a swanky Manhattan townhouse they have been renting and stored him trapped there for over 17 days, making an attempt to drive him to cough up his Bitcoin password.

Prosecutors say the suspects drugged Carturan, pistol-whipped him, and used electrical wires to shock him. A minimum of one of many males allegedly carried him to the highest of a staircase and threatened to throw him over a ledge if he didn’t quit his Bitcoin password. Ultimately, Carturan caved and pointed to a laptop computer the place the password was saved … at which level he ran down the steps and out the entrance door.

On the time, TMZ obtained unique video of Carturan operating away from the townhome, sprinting in the direction of a site visitors cop — moments earlier than Woeltz was arrested. Duplessie later turned himself in at a police precinct. Carturan was hospitalized and handled for accidents prosecutors say corroborate his account.

Cops say they searched the SoHo townhouse and uncovered cocaine, a noticed, rooster wire, physique armor, night time imaginative and prescient goggles, ammunition, and Polaroids exhibiting a gun pointed at Carturan’s head, amongst different alleged proof.