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Crypto Investor Tortures Italian Over Bitcoin in Manhattan
A disturbing incident from New York involves a crypto investor who held an Italian man hostage and tortured him over bitcoins. John Veltz, a crypto investor, was detained after allegedly confining a 28-year-old Italian at his Manhattan mansion for several weeks. Veltz and accomplices reportedly tried to extract the bitcoin wallet password from the victim through violence and threats of death.
According to prosecutors, the torture involved drugging and electrical shocks. Fortunately, the victim managed to escape and seek police assistance. Authorities found drugs and firearms during a search of the mansion.
Veltz was arrested and charged with kidnapping, assault, and illegal firearm possession. His alleged accomplices are still unknown, and he is held without bail.
Experts highlight the increasing frequency of kidnapping cases involving cryptocurrency owners, with at least 25 such incidents recorded since early 2025.
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AI Analysis
The case of John Veltz underscores a troubling trend within the cryptocurrency community. As digital assets like Bitcoin gain significant value, they become targets for criminal activities such as kid...
AI Recommendation
Crypto investors should prioritize security measures to protect their digital assets, such as hardware wallets, secure password practices, and multi-factor authentication. Physical safety consideratio...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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