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Bitcoin Kidnapping Suspects Granted $1 Million Bail as New Torture Details Emerge

MANHATTAN, NEW YORK CITY, JUL 24 – Manhattan judge set $1 million bail each for two suspects accused of kidnapping and torturing an Italian bitcoin millionaire to obtain his cryptocurrency password.

  • On Wednesday, Justice Gregory Carro set bail at $1 million each and ordered home confinement, citing the torture allegations.
  • Abducted on May 6, 2025, the victim was held for nearly three weeks inside a five-story SoHo townhouse.
  • They drugged him, beat him with a gun and shocked him with electric wires, prosecutors allege, while also pistol-whipping, setting him on fire, head butting and waterboarding.
  • Bondsman Ira Judelson will handle their release and monitoring, and Justice Gregory Carro barred cryptocurrency payments, with both men required to wear ankle monitors.
  • Duplessie and Woeltz are due back in court on October 15, 2025, and if convicted of kidnapping, they could face life imprisonment.
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Suspects in New York crypto kidnapping case granted bail

Two men accused of torturing and holding a man hostage in a Manhattan townhouse for several weeks as they tried to access his cryptocurrency were granted bail Wednesday, according to updated case information.

·Atlanta, United States
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Business Insider broke the news in United States on Wednesday, July 23, 2025.
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