William Duplessie and John Woeltz, the two suspects behind New York City’s Bitcoin torture plot earlier this summer, were each granted $1 million bail this week on charges tied to the NYC crypto torture case, ABC News reported on Thursday. William Duplessie, John Woeltz, Land Bail in Shock Case According to the July 24 report , Judge Gregory Carro (who is also presiding over the case against supposed UnitedHealthcare assassin Luigi Mangione) granted both Duplessie and Woeltz bail as the case’s evidence review continues. A Manhattan judge has agreed to release on bail two men charged with torturing a man in a luxury SoHo townhouse to obtain his cryptocurrency. https://t.co/QtNfpzB2pz — ABC News (@ABC) July 23, 2025 Duplessie is expected to be confined to a home in Miami, while Woeltz is set to stay at an undetermined location in New York. The alleged crypto criminals , who were initially charged with coercion, assault, and kidnapping last month, will be expected to wear ankle monitors throughout their confinement. NYC Crypto Torture Plot Makes Headlines News of Duplessie and Woeltz’s bail release comes nearly two months after an unnamed 28-year-old victim flagged down a cop while barefoot in the streets of Manhattan’s SoHo neighborhood and claimed he had been held captive for weeks. The duo is alleged to have held and abused the unidentified victim against his will, going as far as binding, shocking, cutting, and threatening the man with a gun in a bid to gain access to his Bitcoin at a luxury townhouse. Both defendants have pleaded not guilty to the charges, claiming that the unidentified victim was allowed to move freely and even partied during his 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, with two officers, both of whom are members of his private security detail, placed on modified duty after driving the victim from the airport to his captors’ home. “Every city employee is expected to follow the law, including our officers, both on and off duty,” the mayor’s office said in a statement. “We are disturbed by these allegations, and as soon as it came to our attention, the officers were placed on modified duty.” A trial date has yet to be set.William Duplessie and John Woeltz, the two suspects behind New York City’s Bitcoin torture plot earlier this summer, were each granted $1 million bail this week on charges tied to the NYC crypto torture case, ABC News reported on Thursday. William Duplessie, John Woeltz, Land Bail in Shock Case According to the July 24 report , Judge Gregory Carro (who is also presiding over the case against supposed UnitedHealthcare assassin Luigi Mangione) granted both Duplessie and Woeltz bail as the case’s evidence review continues. A Manhattan judge has agreed to release on bail two men charged with torturing a man in a luxury SoHo townhouse to obtain his cryptocurrency. https://t.co/QtNfpzB2pz — ABC News (@ABC) July 23, 2025 Duplessie is expected to be confined to a home in Miami, while Woeltz is set to stay at an undetermined location in New York. The alleged crypto criminals , who were initially charged with coercion, assault, and kidnapping last month, will be expected to wear ankle monitors throughout their confinement. NYC Crypto Torture Plot Makes Headlines News of Duplessie and Woeltz’s bail release comes nearly two months after an unnamed 28-year-old victim flagged down a cop while barefoot in the streets of Manhattan’s SoHo neighborhood and claimed he had been held captive for weeks. The duo is alleged to have held and abused the unidentified victim against his will, going as far as binding, shocking, cutting, and threatening the man with a gun in a bid to gain access to his Bitcoin at a luxury townhouse. Both defendants have pleaded not guilty to the charges, claiming that the unidentified victim was allowed to move freely and even partied during his 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, with two officers, both of whom are members of his private security detail, placed on modified duty after driving the victim from the airport to his captors’ home. “Every city employee is expected to follow the law, including our officers, both on and off duty,” the mayor’s office said in a statement. “We are disturbed by these allegations, and as soon as it came to our attention, the officers were placed on modified duty.” A trial date has yet to be set.

NYC Crypto Torture Case Suspects Granted Million Dollar Bail

William Duplessie and John Woeltz, the two suspects behind New York City’s Bitcoin torture plot earlier this summer, were each granted $1 million bail this week on charges tied to the NYC crypto torture case, ABC News reported on Thursday.

William Duplessie, John Woeltz, Land Bail in Shock Case

According to the July 24 report, Judge Gregory Carro (who is also presiding over the case against supposed UnitedHealthcare assassin Luigi Mangione) granted both Duplessie and Woeltz bail as the case’s evidence review continues.

Duplessie is expected to be confined to a home in Miami, while Woeltz is set to stay at an undetermined location in New York.

The alleged crypto criminals, who were initially charged with coercion, assault, and kidnapping last month, will be expected to wear ankle monitors throughout their confinement.

NYC Crypto Torture Plot Makes Headlines

News of Duplessie and Woeltz’s bail release comes nearly two months after an unnamed 28-year-old victim flagged down a cop while barefoot in the streets of Manhattan’s SoHo neighborhood and claimed he had been held captive for weeks.

The duo is alleged to have held and abused the unidentified victim against his will, going as far as binding, shocking, cutting, and threatening the man with a gun in a bid to gain access to his Bitcoin at a luxury townhouse.

Both defendants have pleaded not guilty to the charges, claiming that the unidentified victim was allowed to move freely and even partied during his 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, with two officers, both of whom are members of his private security detail, placed on modified duty after driving the victim from the airport to his captors’ home.

“Every city employee is expected to follow the law, including our officers, both on and off duty,” the mayor’s office said in a statement. “We are disturbed by these allegations, and as soon as it came to our attention, the officers were placed on modified duty.”

A trial date has yet to be set.

Piyasa Fırsatı
Threshold Logosu
Threshold Fiyatı(T)
$0.008818
$0.008818$0.008818
+0.89%
USD
Threshold (T) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Bitcoin Has Taken Gold’s Role In Today’s World, Eric Trump Says

Bitcoin Has Taken Gold’s Role In Today’s World, Eric Trump Says

Eric Trump on Tuesday described Bitcoin as a “modern-day gold,” calling it a liquid store of value that can act as a hedge to real estate and other assets. Related Reading: XRP’s Biggest Rally Yet? Analyst Projects $20+ In October 2025 According to reports, the remark came during a TV appearance on CNBC’s Squawk Box, tied to the launch of American Bitcoin, the mining and treasury firm he helped start. Company Holdings And Strategy Based on public filings and company summaries, American Bitcoin has accumulated 2,443 BTC on its balance sheet. That stash has been valued in the low hundreds of millions of dollars at recent spot prices. The firm mixes large-scale mining with the goal of holding Bitcoin as a strategic reserve, which it says will help it grow both production and asset holdings over time. Eric Trump’s comments were direct. He told viewers that institutions are treating Bitcoin more like a store of value than a fringe idea, and he warned firms that resist blockchain adoption. The tone was strong at times, and the line about Bitcoin being a modern equivalent of gold was used to frame American Bitcoin’s role as both miner and holder.   Eric Trump has said: bitcoin is modern-day gold — unusual_whales (@unusual_whales) September 16, 2025 How The Company Went Public American Bitcoin moved toward a public listing via an all-stock merger with Gryphon Digital Mining earlier this year, a deal that kept most of the original shareholders in control and positioned the new entity for a Nasdaq debut. Reports show that mining partner Hut 8 holds a large ownership stake, leaving the Trump family and other backers with a minority share. The listing brought fresh attention and capital to the firm as it began trading under the ticker ABTC. Market watchers say the firm’s public debut highlights two trends: mining companies are trying to grow by both producing and holding Bitcoin, and political ties are bringing more headlines to crypto firms. Some analysts point out that holding large amounts of Bitcoin on the balance sheet exposes a company to price swings, while supporters argue it aligns incentives between miners and investors. Related Reading: Ethereum Bulls Target $8,500 With Big Money Backing The Move – Details Reaction And Possible Risks Based on coverage of the launch, investors have reacted with both enthusiasm and caution. Supporters praise the prospect of a US-based miner that aims to be transparent and aggressive about building a reserve. Critics point to governance questions, possible conflicts tied to high-profile backers, and the usual risks of a volatile asset being held on corporate balance sheets. Eric Trump’s remark that Bitcoin has taken gold’s role in today’s world reflects both his belief in its value and American Bitcoin’s strategy of mining and holding. Whether that view sticks will depend on how investors and institutions respond in the months ahead. Featured image from Meta, chart from TradingView
Paylaş
NewsBTC2025/09/18 06:00
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Paylaş
BitcoinEthereumNews2025/09/18 04:36
UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Paylaş
BitcoinEthereumNews2025/09/18 02:21