Nithin Kamath, the CEO of Zerodha, shared on Twitter how his friend lost ₹5 lahks after falling for a part-time job offer he received on WhatsApp. The offer promised big bucks for doing an easy task, which included leaving fake reviews for resorts and restaurants and trading on a mock crypto platform. The group was then asked to transfer real money to generate higher returns, which led to Kamath’s friend transferring a total of ₹5 lahks.
Kamath emphasized that people should be aware of such scams and that there is no easy way to make a lot of money quickly. He added that the platform his friend used was a fake crypto account that manipulated everything, including the telegram group and the crypto price movements.
Kamath’s friend tried to withdraw the money but was unable to do so and was told that a certain number of traders was required. The fear of not being able to withdraw the money led to the person adding more money to trade, which resulted in a large loss.
People should spread awareness and remember that there is no easy way to make a lot of money quickly. With the rise of digital platforms and online transactions, it is essential to be cautious and not fall for such scams. It is always best to research before investing in any platform and not make hasty decisions.