Crypto Trading Platform Coin Cafe Ordered By New York AG to Pay Back $4.3M in Fraudulent Fees

The company, granted a New York BitLicense in January 2023, had advertised free wallet storage on its website, but it charged fees that sometimes entirely emptied investors’ accounts, the investigation concluded. In an agreement with the state, Coin Cafe is paying back those harmed, including 340 investors in New York.

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