Indian Crypto Exchange Mudrex Halts User Withdrawals
Indian cryptocurrency exchange Mudrex temporarily suspended crypto withdrawals until January 28, citing the need to upgrade its compliance framework.
Mudrex CEO Edul Patel explained the decision as a proactive measure to prevent misuse of the platform by bad actors. “If the infrastructure is not correct, it is very easy for it to be misused for nefarious activities,” said Patel.
The announcement led to heated discussions online, with crypto trader Vivan Live warning users on X to withdraw their funds immediately. Another user, Aakash Athawasya, questioned Mudrex’s intentions, accusing the exchange of only offering price exposure rather than ownership of crypto assets.
Mudrex has been growing fast, with its user base jumping…
