The crypto bros accused of torturing an Italian millionaire for his Bitcoin password were granted $1 million bail each Wednesday — but won’t be allowed to pay it using e-currency.
Manhattan Supreme Court Justice Gregory Carro set the seven-figure bail for John Woeltz, 37, and William Duplessie, 33, and forbade them from paying it in cryptocurrency.
Both Woeltz and Duplessie will be released from jail to home confinement if they can shell out the cold hard non-digital cash, said Carro.
John Woeltz, 37, and William Duplessie, 33, pleaded not guilty to kidnapping. Steven Hirsch
The pair were initially arrested on May 23rd, but are now granted a $1M bail that cannot be paid in Bitcoin, according to SC Justice Gregory Carro. Kevin C Downs forThe New York Post
Woelz, who rented the SoHo townhouse that prosecutors allege turned into a house of horrors, is looking for a place in New York, his lawyer said. Duplessie will seek a place in Florida.
The pair has pleaded not guilty to kidnapping charges after prosecutors said they held fellow cryptocurrency trader Michael Valentino Teofrasto Carturan, who hails from Italy, captive for nearly three weeks in the rented Prince Street townhouse.