Zerodha co-founder Nikhil Kamath warns against fake stock tips group on WhatsApp
WhatsApp has become a breeding ground for scams, and one of the most prevalent is fake advertisements. Among these scams, those related to fake stock tips are particularly notorious. Recently, Zerodha co-founder Nikhil Kamath took to social media to warn users about such scams, urging them to exercise caution.
Kamath shared an image on the platform X promoting a WhatsApp group for stock tips allegedly by him. However, he clarified that he has never had any WhatsApp group for stock tips. He requested users to report such advertisements, emphasizing, «Scam alert, this is obviously not from me, I have never had or have any WhatsApp groups, nor do I give tips etc. Please report these.»
Furthermore, Kamath expressed his stance against paid promotions and collaborations, stating, «Also to all the brands who reach out, I don't do paid promotions/collaborations/ads/paid speaking engagements of any kind. Please stop spamming, and everyone use a little common sense please.»
The response from users was appreciative, with many commending Kamath for alerting them against these scams. One user noted, «By sharing these scam alerts, you're not just protecting yourself, but empowering your entire community to spot and avoid these predatory tactics.»
In a related development, the government issued a warning message to citizens about fraudulent advertisements used to lure people into scams. The warning highlighted the use of deepfake videos and images in these scams and urged people to stay vigilant. The message sent from the
