A second man tied to a recent crypto-related kidnapping in New York is expected to turn himself in, according to ABC7 New York’s report on May 26.
He is believed to be a Swiss crypto investor who worked closely with John Woeltz, the main suspect in the case.
The suspect’s name has not been publicly shared, but he is reportedly a co-founder of a trading company based in Switzerland. While a report from NBC says he plans to report to police within the week, FOX5 New York suggests he might already be in custody.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a Crypto Mining Rig? Is it Worth it? (EASILY Explained)
The case centers around Michael Valentino Teofrasto Carturan, a 28-year-old from Italy, who said he was kidnapped in a SoHo apartment for over two weeks.
According to the police, Carturan was allegedly tortured and pressured to hand over the recovery phrase to his cryptocurrency wallet. His estimated net worth is around $30 million.
Carturan told officers that he arrived in New York on May 6 to meet business partners. He said his passport was taken, and he was beaten until he agreed to share his crypto access details.
He told his captors he needed to retrieve the recovery phrase from a laptop in another room. As he walked away to get it, he saw an opportunity to run. That escape led to the arrests and helped police connect Woeltz to his Swiss business partner.
On May 19, Festo Ivaibi, founder of Mitroplus Labs, was kidnapped and forced to transfer $500,000 in crypto. How did the case unfold? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
