Banxso denies link to fake ads promoting investment platforms

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. 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.

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)

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Moneyweb /  🏆 5. in ZA

Banxso Fake Ads Investment Platforms Cyber Attack Reputation

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deepfake Elon Musk scam: Cape Town brokerage Banxso vows to compensate victimsDeepfake Elon Musk scam: Cape Town brokerage Banxso vows to compensate victims
Read more »

Bafana Bafana’s Hugo Broos Awards Jomo Sono With Afcon Bronze Medal, SA Salute: “Well Done”Bafana Bafana's head coach, Hugo Broos, stunned Jomo Sono with an Afcon bronze medal for his role in the national soccer team. South Africans celebrated.
Read more »

Bathathe Bafana: Ivory Coast clinches Afcon title as Bafana finishes thirdWelcome to Bathathe Bafana, a new live podcast from News24 that analyses Bafana Bafana's performance in Africa's biggest soccer tournament.
Read more »

Broos’ Bafana Bafana Concerns…Broos’ Bafana Bafana Concerns…
Read more »

Starting XIs: Bafana Bafana v Congo DRStarting XIs: Bafana Bafana v Congo DR
Read more »