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<p><span>New York Attorney General Letitia James today&nbsp;</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 &ldquo;free&rdquo; on its website. These fees to store Bitcoin were so high that they wiped out investors&rsquo; 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 yorkUnited statesNew yorkerLetitia jamesKenneth haimCharmaine blakeEdward jaffeShamiso maswosweLauren mcdonoughShalendra ramadhinChris dangeloBrian metzInvestor protection bureauDeputy bureauOffice of the attorneyDivision of economic justice