A second cryptocurrency investor surrendered to police Tuesday in connection with the alleged kidnapping of a man who reported enduring weeks of torture inside a luxury Manhattan townhouse. The kidnappers reportedly demanded the password to his Bitcoin account. William Duplessie, 32, faces kidnapping and related charges; his arrest comes just four days after the initial suspect’s apprehension. Shortly after the victim’s rescue last Friday morning, authorities quickly launched an investigation that led to Duplessie’s surrender and formal charging. His attorneys have declined extensive comment but stated he intends to cooperate with law enforcement. This disturbing case reflects a broader rise in criminal activity tied to cryptocurrencies. Worldwide law enforcement has noted an increase in violent crimes targeting digital currency holders. The anonymity and high value of cryptocurrencies have made investors vulnerable to kidnappings, extortion, and robberies. Both Duplessie and the other suspect—whose identity remains partially withheld due to ongoing investigations—are believed to be crypto investors with deep connections in the digital asset community. The first arrested suspect, Woeltz, has identified himself as a cryptocurrency entrepreneur with extensive blockchain and investment experience. Authorities allege that Duplessie and Woeltz collaborated to abduct the victim, also a crypto investor, intending to coerce him into revealing his Bitcoin password. Over 17 days, the victim was confined in the upscale townhouse and endured physical and psychological abuse as the assailants sought access to his digital assets. Despite multiple escape attempts, the victim was initially unsuccessful.

However, neighbors grew suspicious of unusual activity at the residence, prompting police to search the location. They found the victim in a severely weakened state, exhibiting injuries consistent with prolonged abuse. He was hospitalized and is now receiving treatment for his trauma. This incident draws parallels to recent cases involving cryptocurrency investors. Earlier this month in Paris, authorities arrested a group suspected of extorting millions from crypto holders through threats and violence. Last August, a similar kidnapping in Danbury, Connecticut, highlighted the growing dangers confronting digital currency investors. An FBI report indicates a notable rise in crypto-related violent crimes over the past year, with experts warning that as cryptocurrencies gain mainstream adoption, associated criminal activities may escalate. Law enforcement agencies are urged to bolster protections for vulnerable individuals and develop strategies to combat these complex, often transnational crimes. The Manhattan townhouse investigation continues, with prosecutors preparing to seek the maximum legal penalties. Meanwhile, the cryptocurrency community expresses deep concern about the safety risks of managing digital assets, calling for stronger industry standards and enhanced cooperation with authorities to mitigate these threats. This case underscores the perils linked to the expanding cryptocurrency world. As adoption and technology advance, so too does the need to improve security measures and educate holders on risks and precautions essential to safeguarding their investments and personal wellbeing.