Zerodha co-founder and CEO Nithin Kamath recently raised concerns over a spike in financial frauds, particularly those targeting individuals on social media platforms like WhatsApp and Telegram.

Nithin Kamath highlighted a news report about the scam, which began with a WhatsApp message on July 29 offering stock market training in exchange for votes in a fake "Global AI Smart Trading Competition.

Nithin Kamath highlighted a specific case involving a Bengaluru-based techie who lost a significant sum of Rs 91 lakh to a stock market scam. The victim was lured into a fraudulent scheme through a WhatsApp group,

Online brokerage firm Zerodha’s co-founder and CEO Nithin Kamath on Friday asked people to safeguard themselves, even as financial frauds are rising in the country.

Nithin Kamath, founder and CEO of Zerodha, has expressed concerns about the rising number of financial frauds, particularly those targeting unsuspecting individuals on social media platforms. Market Scam Kamath highlighted a case where a Bengaluru-based techie lost Rs 91 lakh in a stock market scam.

Zerodha CEO Nithin Kamath expressed concern over a rise in financial frauds following a recent incident in which a Bengaluru-based tech professional lost nearly Rs 91 lakh in a stock market scam. The billionaire emphasised this case while sharing a simple yet essential step that could help individuals avoid such scams.

Fraudsters using AI (artificial intelligence) to scam people would be a dreadful situation, said Zerodha Founder and CEO Nithin Kamath while reacting to Rs 91 lakh losses incurred by a Bengaluru-based techie in an online stock market scam. "The trend of ...

Kamath, addressing the growing threat, revealed that over ₹1,100 crore has been siphoned off by scammers in the past nine months.

Nithin Kamath voiced concerns over the rising number of financial scams after a Bengaluru techie lost approximately Rs 91 lakh in a stock market scam.