The pair of hard-partying crypto bros accused of sadistically torturing an Italian millionaire lured him to New York City with the promise of returning Bitcoin they had allegedly stolen from him

The BriefA 28-year-old man visiting from Italy was kidnapped and tortured for weeks in SoHo by two men demanding his Bitcoin password.The case highlights the rise of "wrench attacks," where physical violence is used to extract crypto access.

Like co-defendant John Woeltz, the second suspect is expected to face charges of kidnapping, assault and unlawful imprisonment, police sources said.

The second suspect in the alleged kidnapping and torture of an Italian bitcoin dealer inside a SoHo townhouse was seen scowling as he was remanded without bail in court Tuesday night.

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