New York Bitcoin Kidnapping: Suspects Face Charges

John Woeltz and William Duplessie have been charged with kidnapping a 28-year-old Italian man for his Bitcoin credentials, subjecting him to 17 days of torture. The suspects forced the victim to use narcotics, subjected him to shocks, and physically assaulted him for this purpose, according to NYPD Chief John Chell. The case has highlighted the vulnerabilities of high-value Bitcoin holders. While the crypto market remained largely unaffected by this incident, it raises concerns about security in a system not yet deeply integrated into mainstream financial systems.