Nithin Kamath Warns of Rising Pump-and-Dump Schemes on WhatsApp
Nithin Kamath warned on X that pump-and-dump schemes remain a significant risk in 2026, describing them as one of the silliest ways for investors to lose money. He highlighted a rise in such schemes via WhatsApp groups and influencers promoting stocks and IPOs, especially as the market cycle progresses. The Enforcement Directorate recently froze accounts worth Rs 200 crore linked to these activities.
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