The suspects allegedly held an Italian man hostage for weeks in a Manhattan townhouse, beating him and demanding access to his Bitcoin wallet.
Two men accused of kidnapping and torturing an Italian man in a Manhattan townhouse as part of a cryptocurrency extortion plot have been granted bail.
John Woeltz, 37, and William Duplessie, 33, were each issued a $1 million bail on Wednesday by New York Supreme Criminal Court Judge Gregory Carro, according to a report from ABC News. Both men have reportedly pleaded not guilty to charges including kidnapping, assault and coercion.
The case stems from a crypto extortion incident that took place a few months earlier. On May 6, a 28-year-old cryptocurrency trader visiting from Italy was allegedly abducted after arriving in New York.
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