<p><span>New York Attorney General Letitia James today </span><a target=" blank" href="https://ag.ny.gov/sites/default/files/settlements-agreements/Coin%20Cafe%20AOD.pdf">secured $4.3 million from a Brooklyn-based cryptocurrency company, Coin Cafe</a><span>, for defrauding investors. Coin Cafe is a cryptocurrency trading platform that allowed investors to store their Bitcoin in a Coin Cafe account, known as wallet storage. An investigation by the Office of the Attorney General (OAG) found that the company was charging investors exorbitant and undisclosed fees to use its wallet storage, despite marketing its wallet storage as “free” on its website. These fees to store Bitcoin were so high that they wiped out investors’ accounts entirely. Coin Cafe charged one New Yorker over $10,000 in one month and another investor more than $51,000 in fees over the course of 13 months. Coin Cafe has agreed t
New-york
United-states
Brooklyn
New-yorker
Letitia-james
Kenneth-haim
Charmaine-blake
Edward-jaffe
Shamiso-maswoswe
Lauren-mcdonough
Shalendra-ramadhin
Chris-dangelo