CRYPTO INVESTOR CHARGED IN KIDNAP OF ITALIAN INVESTOR

Summary from the TLDR Crypto newsletter

John Woeltz and a 24-year-old accomplice were arrested in Lower Manhattan after an Italian tourist escaped two weeks of captivity and torture in a SoHo apartment, where Woeltz sought access to the victim's financial and crypto accounts. Police found Polaroids documenting the abuse and a firearm at the scene. Woeltz has been charged with kidnapping, unlawful imprisonment, assault, and weapon possession, while his accomplice faces kidnapping and imprisonment counts. Woeltz, an early Bitcoin adopter and former developer for privacy coins HCash and Grin, was held without bail pending trial.