Mudrex paused crypto withdrawals until January 28 to improve security and prevent misuse.
The decision sparked frustration among users, with some warning others to withdraw their funds.
Stricter rules in India have caused some exchanges like Bybit to limit services, while CoinDCX started allowing crypto withdrawals with certain conditions.
Mudrex Halts Crypto Withdrawals Amid System Improvements
Mudrex, an Indian cryptocurrency exchange, recently stopped crypto withdrawals, which left many users confused and frustrated. The company announced on January 11 that the suspension would last until January 28. The reason for the pause is to improve the platform’s systems to prevent misuse by bad actors. Mudrex explained that it’s important to ensure the platform’s security when dealing with something as sensitive as cryptocurrencies. Edul Patel, the CEO of Mudrex, said it was necessary to make sure the platform is functioning properly to avoid illegal activities. Even thoug
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