Sounds like it is a shank cutter. How small is the draw bolt thread? if it is big- like 1/2-13, drop a piece of all thread down the spindle, screw it in the cutter and give it a good whack with a small sledge. If its a shank cutter, you have room to block the cutter spindle against the work or work table. AND don't forget to put something under the cutter!
If its a small draw bar thread like 1/4", pull the draw bolt and drop a bigger solid rod down the cutter spindle and whack it or just drop it on the cutter and it might pop loose. Freezing it might work but that's a lot of mass to cool down. Good luck!