NYC Men Plead Not Guilty in Crypto Kidnapping Case

Two men from New York City have pleaded not guilty to kidnapping an Italian man in SoHo, seeking Bitcoin as ransom. The suspects, John Woeltz and William Duplessie, are alleged to have held the victim for 17 days, subjecting him to torture, in a dispute over his cryptocurrency holdings. This case sheds light on the potential dangers of personal security risks associated with cryptocurrency ownership, despite not impacting the overall Bitcoin market or wider crypto ecosystem.