Mudrex obtains court support, demanding the Indian Ministry of Communications to take down 38 websites that impersonate Mudrex for fraud.

According to TechFlow news from Deep Tide, the cryptocurrency exchange Mudrex has won a judgment from the Delhi High Court, requiring the Indian Ministry of Communications to take down 38 websites that fraudulently used the Mudrex name for scams within a week.

Edul Patel, CEO of Mudrex, estimated that the actual number of retail investors deceived could reach 1,000, with losses exceeding $50,000. Scammers impersonated Mudrex employees on Telegram, promising rewards and job opportunities to deceive investors. Amit Rangari, Mudrex's legal director, stated that the company filed a police complaint in Bangalore as early as March 23.