The Western Cape High Court has placed the controversial trading platform and former Bafana Bafana sponsor Banxso in provisional liquidation.
Carol Wentzel, a pensioner, brought the winding-up application after responding to an online advertisement featuring Elon Musk and losing a substantial portion of her life savings on the platform.
Wentzel was one of several people who reported losing substantial sums on Banxso’s platform this way. Another is Advocate Petra van Niekerk, who said she lost her life savings and now represents other victims.
Investigations revealed that many of the victims had fallen for deepfake videos featuring billionaires Elon Musk, Johann Rupert, and Nicky Oppenheimer, which were placed by a…