‘Everyone A Target’: Zerodha CEO Nithin Kamath Warns After Friend Gets Scammed
1 year, 7 months ago

‘Everyone A Target’: Zerodha CEO Nithin Kamath Warns After Friend Gets Scammed

News 18  

Zerodha founder and CEO Nithin Kamath on Wednesday narrated how his friend lost Rs 5 lakh after falling for a part-time job offer he received on WhatsApp, Kamath also shared that the offer promised big numbers as a paycheck for doing an easy task. 2/8 — Nithin Kamath May 3, 2023 Kamath also revealed that those weren’t Bitcoin or Ethereum but some random crypto tokens whose prices fraudsters could easily manipulate. By the way, this wasn't Bitcoin or Ethereum, but random crypto tokens whose prices fraudsters could easily manipulate.The group was now asked to transfer real money to generate higher returns. 3/8 — Nithin Kamath May 3, 2023 The Zerodha CEO shared that his friend didn’t see it as a risk as Rs 30,000 was transferred through the platform and greed took over. 6/8— Nithin Kamath May 3, 2023 Kamath also mentioned that the account looked like a real crypto account with all the features but it turned out to be fake and was manipulated including the Telegram group.

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History of this topic

Nithin Kamath hails SEBI orders on stock market scam says ‘quick buck is the surest way to lose money’
2 weeks, 3 days ago

Nithin Kamath hails SEBI orders on stock market scam says ‘quick buck is the surest way to lose money’

Live Mint  

Online brokerage platform Zerodha's co-founder and Chief Executive Officer, Nithin Kamath, cautioned investors via a social media post on platform X on Saturday, December 7, about the most certain way to lose money in the markets. Taking shortcuts to make a quick buck is the surest way to lose money in the markets,” said Nithin Kamath, highlighting an old saying …

Stock market fraud: Bengaluru man loses ₹91 lakh to fake trading app; here’s what Zerodha’s Nithin Kamath has to say
3 weeks, 4 days ago

Stock market fraud: Bengaluru man loses ₹91 lakh to fake trading app; here’s what Zerodha’s Nithin Kamath has to say

Live Mint  

Nithin Kamath, co-founder and CEO of Zerodha, has raised concerns about a surge in cyber frauds targeting investors through fake trading apps. Addressing the growing threat, Zerodha CEO Nithin Kamath, revealed that scammers have siphoned off over ₹1,100 crore in the past nine months. Kamath noted, “You are asked to install fake trading apps that look exactly like those of …

Nithin Kamath's tip after Bengaluru techie loses Rs 91 lakh in stock market fraud
3 weeks, 5 days ago

Nithin Kamath's tip after Bengaluru techie loses Rs 91 lakh in stock market fraud

India Today  

Zerodha founder and CEO Nithin Kamath offered a crucial tip to protect against fraudsters after a Bengaluru techie lost Rs 91 lakh in an online stock market fraud. In a post on X, 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 …

Promised Nexon car, Himachal man duped of Rs 11 lakh in 'KBC' scam
3 months, 2 weeks ago

Promised Nexon car, Himachal man duped of Rs 11 lakh in 'KBC' scam

India Today  

A man from Hamirpur in Himachal Pradesh fell victim to an online scam that lured him into believing that he had won a prize as part of a 'Kaun Banega Crorepati' contest. The scammers tricked him into believing that he had won a Nexon car, only to swindle Rs 11 lakh from him. After registering the complaint, the police managed …

WazirX CEO Nischal Shetty shares move to restore account balances and undo all platform trades post-withdrawal halt
4 months, 2 weeks ago

WazirX CEO Nischal Shetty shares move to restore account balances and undo all platform trades post-withdrawal halt

The Hindu  

Indian crypto exchange WazirX announced that all user balances would be restored to what they were on July 18, 1 PM IST, prior to a cyberattack against one of the company’s multi-signature wallets that led to the loss of over $230 million in assets at the time. “After careful consideration of the situation and the feedback received from numerous users, …

How 5 Indian Americans allegedly laundered $30m in Cash-for-Bitcoin scam in New York
1 year, 1 month ago

How 5 Indian Americans allegedly laundered $30m in Cash-for-Bitcoin scam in New York

Hindustan Times  

Five Indian Americans are reportedly being investigated for an illegal $30million crypto exchange scheme operating in the heart of New York. 5 Indian Americans, Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Raju Patel have been accused of running this illegal Bitcoin exchange with an adept criminal finesse, bypassing the legal scrutiny. The report claims, this individual …

Zerodha's Nithin Kamath red flags ‘new scam’ in name of FedEx, Blue Dart: ‘…got a video call’
1 year, 6 months ago

Zerodha's Nithin Kamath red flags ‘new scam’ in name of FedEx, Blue Dart: ‘…got a video call’

Hindustan Times  

Nithin Kamath, co-founder of retail brokerage firm Zerodha, on Friday, warned of a latest “scam” being done in the name of courier companies such as FedEx, Blue Dart, and others. “There's a new scam in the name of FedEx, Blue Dart, and other courier companies that you need to be aware of. A colleague got a call from a person …

Zerodha CEO Nithin Kamath's friend got ‘scammed’ and lost money. Beware!
1 year, 7 months ago

Zerodha CEO Nithin Kamath's friend got ‘scammed’ and lost money. Beware!

Hindustan Times  

Zerodha co-founder Nithin Kamath on Wednesday detailed an ‘online scam,’ stating that there was a need to create awareness, and that there was ‘no easy way to make a lot of money quickly.’ Zerodha co-founder Nithin Kamath. A Telegram group, he said next, was set up for those who claimed to have completed these tasks, adding that the subsequent task …

‘Startups globally have ignored this asset…’ says Zerodha founder, Nithin Kamath
1 year, 11 months ago

‘Startups globally have ignored this asset…’ says Zerodha founder, Nithin Kamath

Live Mint  

Amid the buzz surrounding the IPO market, startups are focusing on maximising their valuations. To utilise the opportunity of turning shareholders into ambassadors, companies must create wealth with the least volatility by maintaining the right expectations, being transparent, and not overselling their company shares, suggests Nithin Kamath. Sharp falls tend to spook retail investors; they panic and exit at lowes.” …

crypto scam india investors likely lost rs 1000 crore to fake exchanges cloudsek
2 years, 6 months ago

crypto scam india investors likely lost rs 1000 crore to fake exchanges cloudsek

ABP News  

New Delhi: Fake cryptocurrency exchanges have duped Indian investors of more than $128 million as the global crypto market tanks, a new report claimed on Tuesday. "We estimate that threat actors have defrauded victims of up to $128 million via such crypto scams," said Rahul Sasi, Founder and CEO of CloudSEK. Threat actors first create fake domains that impersonate legitimate …

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