One of two cryptocurrency investors under arrest in the alleged kidnapping and torture of a man in SoHo has waived his court appearance on Wednesday morning.John Woeltz, 37, was expected to make his first court appearance in a Lower Manhattan courtroom after he was taken into custody on Friday and charged in the alleged kidnapping scheme.

The Euro exec became a person of interest in the case after the arrest of Kentucky crypto king John Woeltz on Friday for allegedly holding wealthy trader Michael Vanlentino Teofrasto Carturan

The high-profile Bitcoin kidnapping case​ was back before a judge in Manhattan on Wednesday, but proceedings were put on hold due to a legal deadline tied to the suspect's arrest.

Authorities said the pair lured the victim into an eight-bedroom apartment in Manhattan’s Soho neighborhood on May 6 to steal his Bitcoin fortune.

John Woeltz, 37, and his alleged accomplice, William Duplessie, 33, started frequenting the NYC nightclub, The Box.

Two people were arrested in New York City on Friday in connection with the kidnapping and torture of an Italian tourist, authorities said.