Coin Cafe has been ordered to release $4.3 million to the customers, which was collected by the firm from the customers forcibly via unfair rules. 

Allegedly this crypto firm collected an undisclosed amount of funds in the form of transaction & service fees. In some of the cases, Coin Cafe drained $100 of dollars worth of funds from the customer’s account, as a part of a service charge. 

Coin Cafe has been ordered to release $4.3 million to the customers, as compensation for the alleged fraud that the company did against them.

Reportedly Coin Cafe was charging 9.7% of the total funds & in some cases $99 per month against the customers, in case customers showed no trading activity in a month. 

James said that such types of bad activities by the crypto firms are showing that the crypto sector needed to be regulated perfectly to prohibit such unfair advantages that some crypto companies are taking.