Mudrex, an Indian crypto exchange, has suspended crypto withdrawals as part of its effort to enhance compliance. Founder Alankar Saxena stated that this pause is temporary and expected to last until January 28, 2025, assuring that all funds remain secure during this time.

Following the announcement, the community reacted with skepticism, expressing concerns and spreading misinformation. However, as Mudrex clarified the situation, many users thanked the exchange for its transparency, urging it to maintain open communication regarding compliance and security efforts.