The ED just froze trading accounts holding about ₹200 crore in an alleged WhatsApp-driven pump and dump involving two listed companies.
It's crazy that even in 2026, people still fall for stock tips on WhatsApp, Telegram, SMS, and social media. This is probably the silliest way to lose money.
Given how late in the cycle we are, these instances are only going to increase. We're already seeing more pump and dumps, whether through WhatsApp groups or influencers peddling IPOs and stocks. This won't end well.
So the next time you get a message promising easy money, just ask Claude or ChatGPT whether it's a good idea. It could save you a lot of money.
It's become a cliché, but nowhere is "if it's too good to be true, it probably is" truer than in the stock market.