Coin Cafe settles $4.3m with NY Attorney General after charging “exorbitant and undisclosed fees”New York Attorney General Letitia James has announced the Office of the Attorney General (OAG) secured $4.3 million from Coin Cafe, a Brooklyn-based cryptocurrency company charged with defrauding investors. Coin Cafe was charging investors exorbitant and undisclosed fees to use its wallet storage, despite marketing its wallet storage as “free” on its website. The company also routinely charged and increased fees without properly informing investors, the OAG found. NY Attorney General James said: “When there are inadequate safeguards to protect consumers and investors, companies are able to take advantage of New Yorkers. Coin Cafe defrauded hundreds of New Yorkers out of thousands of dollars with its deceptive marketing and due to a lack of effective regulation.