Two blockchain investors, John Woeltz and William Duplessie, have been charged with kidnapping and torture after holding a 28-year-old Italian man for nearly two weeks in connection with cryptocurrency dispute. The alleged perpetrators pleaded not guilty in New York City. 17 days of captivity focused on accessing the victim’s Bitcoin led to the arrest, with authorities confirming their motivation was tied to cryptocurrency. Police Chief John Chell commented on the case, stating: “This was a dispute over crypto money. They all knew each other, but this was a kidnapping for roughly 17 days, where they tortured this person.” The alleged kidnapping’s impact on the broader cryptocurrency market is currently minimal with no significant financial anomalies reported. Further investigations are ongoing, focusing on potential related cases and exploring security risks within the crypto sphere.