Nithin Kamath, CEO of Indian brokerage firm Zerodha, has issued a warning about a scam after someone he knows lost ₹5 lakh. Kamath shared the details of the scam on Twitter, urging people to be cautious and stay alert.

According to Kamath’s tweet, the scam began with a response to a part-time job offer on WhatsApp. The victim was promised a payment of ₹30,000 for writing fake reviews for resorts. After receiving the payment, the victim was added to a Telegram group where he was lured into trading on a mock crypto platform.

Kamath’s warning comes at a time when incidents of financial scams are on the rise in India. With the rapid growth of digital transactions, fraudsters are finding new ways to trick people out of their hard-earned money.

In response to Kamath’s tweet, many Twitter users shared their own experiences of being scammed or narrowly avoiding scams. Some users suggested that the victim should file a complaint with the police and take legal action against the scammers.

Zerodha is one of India’s leading brokerage firms, with over 4 million clients. The company has been at the forefront of the digital revolution in the Indian financial sector and is known for its innovative and user-friendly platform.

Kamath’s warning highlights the need for caution and vigilance when it comes to online transactions and job offers. With the increasing use of digital platforms for financial transactions, it is important for people to be aware of the risks and take appropriate precautions to protect themselves from scams and frauds.

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