Indian cryptocurrency exchange Mudrex suspends cryptocurrency withdrawals, expected to resume on January 28

Alankar Saxena, co-founder of the Indian cryptocurrency exchange Mudrex, issued a statement saying that the platform has suspended cryptocurrency withdrawals and expects to resume normal services after completing compliance upgrades on January 28.

The suspension aims to strengthen compliance measures and prevent bad actors from exploiting the platform. The statement clearly indicated that INR fiat withdrawals are unaffected, user funds are completely safe, and cryptocurrency and INR deposit services are still operating normally.