Crypto Kidnapping Shocker: NYC Duo Pleads Not Guilty in Bitcoin Torture Plot

Bitcoin Kidnapping New York

Author

Julia Smith

Author

Julia Smith

About Author

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Author Profile

Share

Copied

Last updated: 

June 11, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

William Duplessie and John Woeltz pleaded not guilty to charges stemming from the shocking crypto kidnapping and torture case of an Italian national in New York City’s SoHo neighborhood last month, on Wednesday in Manhattan criminal court.

Suspects Deny Role In Crypto Kidnapping Plot

Appearing in handcuffs and jumpsuits, the two crypto investors entered their plea of not guilty on charges of assault, kidnapping, unlawful imprisonment, and criminal possession of a weapon in the high-profile crime on June 11.

Despite lawyers for Duplessie and Woeltz attempting to see their clients placed on a $1 million bond, the purported crypto fraudsters will remain behind bars until their next hearing on July 15.

The duo is alleged to have held and abused the unidentified victim against his will, going as far as binding, shocking, cutting, and threatening the man with a gun in a bid to gain access to his Bitcoin at a luxury Manhattan townhouse in May.

Prosecutors argue that both Duplessie and Woeltz also threatened to kill the Italian resident’s family after they lured him to New York City on May 6.

New Video Emerges Of Victim In Alleged House Of Horrors

In spite of the charges, recently released footage of the victim in question—a former business partner of Duplessie and Woeltz—appearing to walk around the apartment openly has raised eyebrows among skeptics, who claim the behavior is inconsistent with someone being held captive.

“Victims of abuse are not always going to act the way we expect them to,” prosecutor Sania Khan said.

Mayor Eric Adams’ name has also been drawn into the scandal, with two officers, both of whom are members of his private security detail, placed on modified duty after having driven the victim from the airport to his captors’ home.

“Every city employee is expected to follow the law, including our officers, both on and off duty,” the mayor’s office said in a statement. “We are disturbed by these allegations, and as soon as it came to our attention, the officers were placed on modified duty.”