'Crypto king' turned NYC townhouse into torture chamber to gain partner Bitcoin

The guy is worth $100m and torturing someone for their holdings... seems like there is a lot more to this story than what is being reported.

&quot;The victim told the police Woeltz and the other man beat him, shocked him, hit him with a gun and pointed it at his head, and dangled him from the top of the five-story home, threatening to kill him. They also cut his leg with a saw, he said, threatened to kill his family and forced him to smoke crack cocaine, the New York Daily News reported.&quot;<p>That&#x27;s not a fun experience.

Not doing much to break the stereotypes

From the guardian<p>&gt;Woeltz and two accomplices allegedly detained and tortured the 28-year-old man in the home Woeltz had been renting for roughly $30,000 a month. The alleged victim told the police he arrived in the US on 6 May, when he was kidnapped by Woeltz.<p>I feel like Woeltz would have been better off simply finding a cheaper apartment. Every month he doesnt live in NY he is up 30k?

Yesterday I saw a tiktok influencer ad for an new app that professes to be the uber of protective services (bodyguards) - also more and more high net worth individuals in my tech&#x2F;finance networks are traveling to public events&#x2F;meetups etc with security. I hope these things need not become trends.

&gt; Law enforcement sources said they turned up multiple Polaroid pictures of the victim being tied up and tortured.<p>It is so convenient when criminals collect evidence against themselves.

Good thing Coinbase just leaked their customer PII so this can become a common story.

Imagine being filthy rich and thinking, &quot;You know what? I&#x27;m going to risk going to jail to do illegal things because I&#x27;m not rich enough.&quot;<p>Why is this so common?

Did he get the crypto?<p>Or did the Hostage disprove xkcd?

This tragic, horrifying, and truly disgusting story is now going to be my go-to whenever I have to rebut all those people on HN who insist that if the perpetrator successfully acquired the bitcoin, 1) he in no way &quot;stole&quot; it, 2) he morally and legally owns it now, 3) his other actions don&#x27;t forfeit his title of ownership, 4) any attempt by an authority to recover the bitcoin is unjust, and 5) the Ledger is the infallible source of Truth and, thence, Morality.