A man in the United States has been arrested for kidnapping and abusing others in an attempt to steal Bitcoin.

According to a report by Jinse Finance and Decrypt, a man in New York has been arrested for allegedly kidnapping and torturing a victim to obtain their Bitcoin wallet password. The suspect, John Woeltz (37), was arrested last Friday. Prosecutors say a 28-year-old Italian victim was held captive for weeks in a Manhattan mansion where he was subjected to abuse, including tying, beating, injecting drugs and electric shocks. The victim eventually managed to escape by stratagem on May 24. The police discovered tools used in the crime, such as cocaine, a chainsaw, barbed wire, and night vision goggles at the scene of the search. The prosecution stated that Woeltz did not act alone, and there are other accomplices at large. Currently, Woeltz has been charged with kidnapping, assault, unlawful imprisonment, and illegal possession of weapons, and the court has ordered that he be denied bail.