One of two suspects accused of torturing an Italian millionaire in a New York City apartment over his refusal to disclose his bitcoin password, reportedly worth $100 million, was sprung from jail after spending two months in custody. 

John Woeltz, 37, was released from Rikers Island on $1 million bond, the New York Post reported. The release came a week after a Manhattan judge granted bond for Woeltz and his alleged accomplice, 33-year-old William Duplessie.

Both men are accused of kidnapping and torturing Italian crypto trader Michael Valentino Teofrasto Carturan. Defense attorneys argued the alleged torture was akin to “fraternity-like hazing.”

When Carturan refused to divulge his Bitcoin password, the pair allegedly subjected him to “beatings, including but not limited to using electric wires to shock Informant, using a firearm to hit Informant on the head causing a laceration, pointing the firearm at Informant’s head on several occasions, and carrying Informant to the top flight of stairs within the above-mentioned location and hanging Informant over the ledge as the defendant threatened to kill Informant if Informant did not provide the defendant the Informant’s Bitcoin password,” the complaint added. 

Woeltz allegedly threatened the 28-year-old victim’s family in Italy while subjecting him to humiliation by having people urinate on him and forcing him to take drugs during captivity, authorities have said.

The pair allegedly wrote a manifesto about their plan to steal Carturan’s cryptocurrency, prosecutors said. The alleged victim eventually managed to escape and called a nearby traffic officer.

Both defendants are scheduled to appear in court Oct. 15.