A grand jury has indicted a 37-year-old cryptocurrency investor accused of kidnapping a business partner in Manhattan's upscale Soho neighborhood for three weeks, shocking him with electric wires, and dangling him over a staircase to try to get him to give up his Bitcoin password,

New York City police are investigating two detectives who worked security at an upscale Manhattan townhouse where an Italian man was kidnapped and tortured for weeks by two crypto investors who wanted to steal his Bitcoin.

Woeltz's supposed assistant, Beatrice Folchi, 24, was also taken into custody in relation to the crime and faces one count of first-degree kidnapping and one count of first-degree unlawful imprisonment.

A 28-year-old Italian man says he was kidnapped and tortured for weeks inside a luxury Manhattan town house by criminals who wanted his Bitcoin password.

The second suspect in the SoHo crypto torture case has surrendered and now faces charges including kidnapping and assault.

Sources said cryptocurrency investor John Woeltz took the man's passport, tied him up, tortured and photographed him until the man managed to escape and alert authorities.

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

A 28-year-old man escaped from an apartment in New York City after being held captive and tortured for weeks. The victim, who arrived in New York on May 6, was allegedly tortured by John Woeltz, a 37-year-old crypto entrepreneur,