Nithin Kamath, CEO of Zerodha, has issued a warning following a report of a Bengaluru techie losing ₹91 lakh in a stock market fraud. Kamath highlighted the alarming rise in scams, which he estimates to be worth ₹11,000 crore, and shared advice on how to safeguard against such fraudulent activities. He emphasized the importance of vigilance in the face of increasing scams, particularly those involving digital platforms like WhatsApp and Telegram. In a related incident, a retiree from Mumbai reportedly lost over ₹11 crore in a fake investment scheme through WhatsApp. The growing prevalence of scams has raised concerns among experts, who are urging individuals to adopt protective measures against these threats.