Indian court orders removal of scam website using cryptocurrency exchange Mudrex name_Amazon Finance

Indian court orders removal of scam website using cryptocurrency exchange Mudrex name

2024-08-30 10:49:00 Primitive Reading

　The cryptocurrency exchange Mudrex has obtained a court order requiring the Indian Ministry of Communications to shut down up to 38 websites using the company's name for fraud. The Delhi High Court made the ruling within a day of the petition being submitted on August 23, giving the ministry a week to comply. Mudrex filed a lawsuit with the court after about 15 people contacted customer support or visited the Bangalore office to report being scammed. Mudrex CEO and co-founder Edul Patel said in an interview, "We estimate that the actual number of retail investors who have been scammed may be around 1,000 people, with estimated losses of over $50,000."

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