Nearly 30 Indian retail investors have alleged losses exceeding ₹100 crore following unauthorized trading activity linked to US stock investment platform Stockal Securities.
The incident reportedly took place on October 15, 2026, when investors' holdings in major US companies, including Apple, Nvidia, Amazon, Tesla and Alphabet, were allegedly sold without their approval. The proceeds were then used to purchase shares of Chinese company Zhibao Technology (ZBAO), whose stock price subsequently crashed nearly 60%.
According to reports, 26 customer accounts were accessed by an unauthorized third party, while suspicious stock sales and purchases occurred in 13 accounts. One investor reported a personal loss of approximately ₹4.26 crore.
On November 4, Stockal's parent company Borderless denied liability, stating that its initial investigation found no evidence of a breach of its platform. It suggested that compromised login credentials or social engineering could be involved, although the investigation is ongoing.
Key Highlights:
- Nearly 30 investors reported unauthorized activity.
- Preliminary estimated losses exceed ₹100 crore.
- Stockal and US partner DriveWealth are disputing responsibility.
- Investors have approached SEBI and the US SEC.
The incident raises serious concerns about account security and investor protection in overseas stock trading.
Nearly 30 Indian retail investors ne US stock investment platform Stockal Securities se linked unauthorized trading activity ke chalte ₹100 crore se zyada ke losses report kiye hain.
Ye incident reportedly 15 October 2026 ko hua, jab investors ke Apple, Nvidia, Amazon, Tesla aur Alphabet jaise major US stocks bina unki permission ke sell kar diye gaye. Reports ke according, in stocks ko sell karne se mile funds ka use Chinese company Zhibao Technology (ZBAO) ke shares kharidne mein kiya gaya, jinki price baad mein nearly 60% crash ho gayi.
Reports ke according, 26 customer accounts ko unauthorized third party ne access kiya, jinmein se 13 accounts mein stocks ki unauthorized buying aur selling hui. Ek investor ne apna personal loss approximately ₹4.26 crore bataya hai.
4 November ko Stockal ki parent company Borderless ne apni platform security mein breach hone ke evidence se inkaar kiya aur liability accept nahi ki. Company ne possible compromised login credentials ya social engineering attack ki possibility batayi hai. Investigation abhi ongoing hai.
Ye incident overseas stock investing platforms ki account security aur investor protection par serious questions raise karta hai.