About six months ago, Mudrex filed a police complaint regarding scam websites operating on their platform. The case was then taken to the Indian high court, where Mudrex received a favorable hearing.
On August 23rd, the Indian high court ordered the Ministry of Communication to remove about 38 websites from Mudrex’s platform.
This court ruling came just a day after the crypto exchange platform took the case to the high court, demanding that these scam websites impersonating their business be removed.
Mudrex Wins In The Legal Fight Against Scammer Impersonating Their Business In India
Financial scams are a significant roadblock to the operation of financial institutions and firms like Mudrex. A few months ago, a top Bitcoin and cryptocurrency trading platform in India, WazirX, lost over $234 million in a scammer hack.
As a result of this hack, WazirX lost almost half of the customer funds in its possession.
Firms like Mudrex are actively working to prevent this fate after observing bad actors impersonating their businesses and scamming customers of their hard-earned money.
To help prevent a significant hack of their platform and stop scammers from impersonating their business, Mudrex filed a police case regarding the ongoing impersonation of their business in India.
After not getting a favorable or quick response from the police, Mudrex took this case to the Indian High Court.
According to Mudrex CEO Edul Patel, the aim of doing this was to get “a direct line of communication with the ministry.”
With the help of their legal head, Amit Rangari, a case was filed with the Indian High Court on this matter.
After receiving the case, the Indian high court ordered the Ministry of Communications to take down websites impersonating Mudrex’s business and scamming their customers.
The ministry has been given a week to comply with the order and get to work.
The Future of Mudrex Business Following the Court’s Order
Will this court order benefit Mudrex? Can the Ministry of Communications take down websites impersonating Mudrex and scamming its customers?
These concerns are just some of the things that might be on the minds of users of the Mudrex platform. According to Edul Patel, he hopes that taking the case to the high court will work “more in our favour than against it.”
In the coming days, more details on how the Ministry of Communications is working to tackle this issue will become available to the public.
For now, users of the platform can rest assured that Mudrex and the government are taking some measures to help keep them safe from scammers.
Users also need to be careful of platforms masquerading as Mudrex and only do business or lodge complaints via Mudrex’s official platforms.
They should also keep all sensitive information regarding their accounts with Mudrex safe and not divulge such information to others.
