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Online brokerage Banxso has started to pay out compensation to some investors it says were duped into visiting its website in the belief it was actually an investment platform created by Elon Musk.
The Cape Town-headquartered financial services provider said it was evaluating the payouts on a case-by-case basis for those investors who can "convincingly demonstrate they have been financially impacted".
The group has been under mounting pressure from irate clients who say they lost money after they were hoodwinked into investing with it after watching deepfake videos of Musk and other business leaders.
