Man Tortures Crypto Holder for Bitcoin Password in Manhattan Mansion

The maniac kidnapper spent nearly a month torturing the crypto enthusiast in a Manhattan mansion to obtain his Bitcoin wallet password. The businessman Michele had $30 million in cryptocurrency. The criminal, John Weltz, linked to the former businessman, subjected him to various tortures, including suspending him over an eighth-floor staircase, firing shots near his head, and electro-shocking him while bathing in water. Weltz, who photographed these acts with a polaroid and even ordered T-shirts with images of the beaten crypto holder, eventually pressured Michele into revealing the password on May 23. When the assailant looked away, Michele escaped barefoot and ran to police officers. An hour later, special forces stormed the mansion, and Weltz was sentenced to 25 years in prison. The series of events highlights the extreme risks and violent methods involved in crypto-related crime.