The trend of these frauds is increasing. The past 9 months alone have had scams worth 11000 crores! I dread to think what it will be like once the fraudsters use AI,” Kamath wrote in a post on X

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

Zerodha founder Nithin Kamath has warned about rising stock market training scams, including a Bengaluru techie losing ₹91 lakh through fake trading apps. Highlighting Rs 11,000 crore lost in nine months,

Zerodha CEO Nithin Kamath warns about the rise of financial scams in India, highlighting Rs 11,000 crore worth of frauds in the past nine months. He cautions against potential AI-driven scams and advises users to change privacy settings on WhatsApp and Telegram to avoid being added to fraudulent groups.

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.

Zerodha CEO Nithin Kamath raised concerns over a spike in financial frauds after a Bengaluru-based techie lost nearly ₹91 lakh in a stock market scam.

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.

In a sobering tweet, Zerodha co-founder Nithin Kamath sounded the alarm on the growing wave of online scams, which have reportedly cost Indians ₹11,000 crores in just the past nine months. Kamath expressed concern about the potential for artificial intelligence (AI) to amplify these scams,