The Cape Town-based contracts-for-difference (CFD) trading platform Banxso, sponsor of UFC champion Dricus du Plessis and Bafana Bafana, continues to benefit from fake ads in which well-known business leaders promote investment platforms promising outrageous monthly incomes for a R4 800 investment. This follows Moneyweb breaking the story over two weeks ago that individuals who registered on the fake ads were immediately captured on the Banxso platform.
Banxso vehemently denies that it is linked to the fake ads and claims the matter resulted from a malicious cyber attack by an unknown third party trying to tarnish its reputation. In a statement issued to Moneyweb, Banxso claims it has “thoroughly investigated” the cyber attack and filed a report with the Financial Sector Conduct Authority (FSCA)