Crypto Suspect John Woeltz Walks Free After Posting $1M Bond—Proof That Money Talks, Even in Blockchain
Another day, another crypto drama hitting the headlines—this time with a seven-figure twist.
John Woeltz, the man at the center of a high-profile crypto-linked torture case, just bought his temporary freedom for a cool $1 million. Because nothing says 'justice' like a bond amount that'd make a hedge fund manager blink.
The Price of Freedom (For Now)
While the details of the case remain murky, one thing's crystal clear: in the world of digital assets, liquidity trumps everything—even alleged crimes. Woeltz's bond payment proves crypto's golden rule: if you've got the coins, you can play by different rules.
A System That Runs on Gas Fees
Funny how blockchain preaches decentralization, yet old-school wealth still calls the shots. That million-dollar bond? Probably paid in stablecoins—the ultimate irony for an industry that claims to hate traditional finance.
Stay tuned. In crypto, the only certainty is another wild story coming right after this one.
John Woeltz Released On $1 Million Bail
According to a July 31 report, Woeltz was released Thursday after Judge Gregory Carro granted bail to both him and co-defendant William Duplessie amid the case’s ongoing evidence review.
𝐍𝐘𝐂 𝐂𝐫𝐲𝐩𝐭𝐨 𝐓𝐨𝐫𝐭𝐮𝐫𝐞-𝐊𝐢𝐝𝐧𝐚𝐩𝐩𝐢𝐧𝐠 𝐒𝐮𝐬𝐩𝐞𝐜𝐭 𝐉𝐨𝐡𝐧 𝐖𝐨𝐞𝐥𝐭𝐳 𝐏𝐨𝐬𝐭𝐬 $𝟏 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐁𝐨𝐧𝐝 – 𝐓𝐌𝐙
John Woeltz, known as the “Crypto King of Kentucky,” was released on a $1 million bond after being charged in a disturbing kidnapping and… pic.twitter.com/lLEkeP6jko
Once approved, Duplessie is expected to remain confined to a home in Miami, while Woeltz is set to stay at an undisclosed location in New York. Both alleged crypto criminals will be required to wear ankle monitors for the duration of their confinement.
Eric Adams’ Security Detail Under Scrutiny
Duplessie and Woeltz were indicted last month on charges, including unlawful imprisonment, assault, and kidnapping, after the unidentified barefoot victim flagged down a traffic officer shortly after escaping captivity.
The man told authorities he was lured from his home country, Italy, to a luxury SoHo townhouse on May 6 and held against his will by Duplessie and Woeltz. The duo allegedly bound, shocked, cut, and threatened the man with a gun in an attempt to access his Bitcoin holdings.
Both defendants have pleaded not guilty, claiming the victim was allowed to MOVE freely and even party during the alleged captivity.
“Victims of abuse are not always going to act the way we expect them to,” prosecutor Sania Khan said in a recent hearing.
Mayor Eric Adams’ name has also been drawn into the scandal after two officers—members of his private security detail—were placed on modified duty for driving the victim from the airport to his captors’ home.
A trial date for Duplessie and Woeltz has yet to be announced.
