The ‘Crypto King’ accused of kidnapping and torturing an Italian man in a swanky Manhattan townhouse was only bailed out of jail when his parents put a house and their savings on the line as collateral — despite their son reportedly having amassed a fortune.

The judge releasing John Woeltz, 37, said to be worth $100 million, stipulated he wasn’t allowed to pay his bail with cryptocurrency.

That led to his father, Matthew Van Woeltz, putting his own home on the line and his mother Joan agreeing to cough up $1 million, should their son fail to meet the terms of his bond, according to court documents seen by The Post.

He is now under house arrest in New York while waiting trial, a world away from the private jets he was accustomed to traveling in and the nightclubs where he would drop

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