Two blockchain investors, John Woeltz and William Duplessie, have been charged with kidnapping and coercion in connection to a bitcoin dispute in New York City. They pleaded not guilty on Wednesday following an alleged altercation over cryptocurrency access. 28-year-old victim’s Bitcoin password was demanded, leading authorities to seek answers about potential security vulnerabilities for those holding large crypto sums. The incident remains a private legal matter, without significant market implications due to the lack of observable impact on crypto exchanges or protocols. Investigations are ongoing and two further potential victims have been identified, highlighting a possible pattern of similar criminal activity. This case has sparked conversations about personal security in the cryptocurrency space but hasn’t led to regulatory changes. The legal process may shed light on broader implications for financial security, while experts warn that this incident underscores the need for heightened awareness of personal security risks when handling large crypto holdings.