Delhi High Court Orders Removal of 38 Scam Websites Targeting Mudrex Cryptocurrency

Delhi High Court's Directive Against Crypto Scams

The Delhi High Court, in a pivotal ruling issued on August 23, mandated the Ministry of Communications to eliminate 38 deceptive websites impersonating the Indian crypto investment firm Mudrex. This action came in response to Mudrex's petition, which highlighted the alarming surge in crypto scams affecting unsuspecting users worldwide.

Legal Action and User Protection

Justice Mini Pushkarna oversaw the ruling that requires the ministry to act promptly, with a deadline set for August 30. Mudrex provided substantial evidence demonstrating that these fraudulent sites were using its trademarks to mislead and exploit consumers. Users reported being swindled out of significant amounts of money, with some sites even collecting sensitive personal information.

Growing Threat of Cryptocurrency Scams

• Mudrex received numerous complaints from victims mistaking the scam sites for its legitimate offerings.
• The firm has taken further steps by issuing advisories across its social media platforms and direct communications to users.
• The rise in crypto-related scams demands urgent attention, as indicated by a Binance report estimating $2.4 billion in potential losses prevented this year.

Mudrex remains committed to user protection and maintaining brand integrity, affirming its dedication to a secure investing environment for its clients.