Indian Court Takes Action Against Phishing Websites Impersonating Crypto Platform Mudrex

IconCryptoNewsTerminal Staff29 Aug, 2024

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Indian Court Takes Action Against Phishing Websites Impersonating Crypto Platform Mudrex

Indian Court Orders Closure of Phishing Websites Misusing Cryptocurrency Platform Mudrex's Name In a significant development, an Indian court has ordered authorities to block 38 websites that were illegally using the name of cryptocurrency asset management platform Mudrex. The court's decision aims to protect investors from fraudulent activities conducted by these phishing websites. According to the court's findings, the operators of these websites impersonated Mudrex officials on Telegram to lure unsuspecting individuals with promises of rewards and job opportunities in exchange for completing tasks such as writing Google reviews. The websites, which were created to resemble Mudrex's legitimate platforms, illegally diverted funds from investors to scam accounts. The court's swift action highlights the growing concern over phishing scams targeting investors in the cryptocurrency space. It also underscores the importance of investor education and awareness to prevent such fraudulent practices.

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