On January 13, the Indian cryptocurrency exchange Mudrex has suspended withdrawals, triggering a backlash from the community. The exchange said that this is a temporary move, which will last until January 28, to upgrade the platform's compliance framework and prevent abuse by bad actors. One community member, Aakash Athawasya, expressed skepticism about the intent of the trading platform, arguing that Mudrex had "never made a cryptocurrency withdrawal from the beginning" and that...
Cryptocurrency exchange Mudrex has obtained a court order ordering India's Ministry of Communications to shut down as many as 38 websites using the company's name to commit fraud. The Delhi High Court handed down its verdict on August 23, one day after the petition was filed, giving the ministry a week to execute. After about 15 people contacted customer support or came to the Bangalore office to report that they had been scammed, Mudrex filed a lawsuit in court. "We estimate that the actual sca...