“Too Good to Be True”: Man Who Praised CBEX in March Now Cries Out After Losing $47K

In a painful twist of fate, a man who once championed the controversial CBEX investment scheme has taken to social media to recount the devastating loss of $47,000—his entire life savings and loan—after the platform seemingly collapsed. Known by his online alias Dr. Majeed (@binuthmanmaleek), he became a cautionary tale overnight, transforming from an enthusiastic believer to a broken investor lamenting what he now calls the worst mistake of his life.

Just over a month ago, on March 5, 2025, Majeed posted a tweet that many now see as ironic in retrospect. “Still wondering why lots of folks don’t know about CBEX yet!” he tweeted at 6:01 PM, with the post quickly gaining traction and accumulating over 48,000 views. The tweet was widely interpreted as an endorsement of the platform, with many users responding with interest, skepticism, or confusion about the little-known yet fast-rising financial operation.

At the time, CBEX was the talk of many private Telegram and WhatsApp groups, often pitched as a revolutionary crypto-based investment opportunity promising unusually high returns with minimal effort. Promotional materials, referral bonuses, and testimonies from so-called early adopters created a frenzied sense of urgency, pressuring individuals to invest quickly or miss out on what was marketed as a “once-in-a-lifetime” opportunity.

Majeed, among the more vocal supporters, didn’t just talk the talk—he walked it, pouring in everything he had. In a heartbreaking follow-up tweet weeks later, he confessed, “CBEX has ruined my life. I sold all my valuable properties worth $47k dollars and invested everything inside CBEX plus the loan I took.”

That single tweet—raw, emotional, and chilling—has since gone viral, igniting a conversation around online investment scams, personal finance literacy, and the dangers of falling for schemes that promise the world but deliver nothing.

The CBEX platform has reportedly gone silent in recent days, with users unable to access their accounts or withdraw funds. Emails go unanswered, their Telegram group has been locked, and official social media handles have either been deleted or scrubbed clean of past posts. What remains is a trail of financial wreckage, with thousands of users—many like Majeed—left staring at a total loss.

Reactions to Majeed’s story have been mixed. While many expressed sympathy for his situation, others chastised him for encouraging others to invest in what now appears to be a Ponzi-like setup. “You were promoting this in March,” one user wrote under his tweet. “How many people followed your advice and lost money too?”

Some critics went as far as accusing him of being a willing affiliate who profited off referrals before the collapse. There’s no concrete evidence to back those claims, but the backlash underscores how quickly the tide can turn when online influencers lend credibility to speculative platforms without proper due diligence.

Experts warn that CBEX is just the latest in a long line of schemes exploiting people’s desire for quick financial gains. In an economy still struggling with inflation, job scarcity, and rising living costs, many individuals are desperate to multiply their income. This makes them vulnerable targets for investment scams, especially those leveraging the language of blockchain, cryptocurrency, and digital finance.

"These platforms are very sophisticated in how they present themselves," said financial analyst Kelvin Omotosho. "They often have convincing websites, testimonials, and even fake audits. But one common red flag is their promise of unrealistic returns in a very short period of time."

For Majeed, the consequences are deeply personal. He has yet to confirm whether he has reported the incident to authorities, but several other victims have already begun organizing in online communities to compile evidence and explore possible legal action. Whether or not they’ll ever see a refund remains uncertain.

The fallout has also sparked a larger dialogue about the role of social media in amplifying unregulated investment schemes. Influencers, whether knowingly or unknowingly, can lend massive legitimacy to platforms like CBEX, often swaying hundreds—if not thousands—of followers to jump in headfirst.

“Let this be a lesson,” one user tweeted in response to Majeed’s story. “Always verify before you invest. And never, ever put in more than you can afford to lose—no matter who is promoting it.”

Majeed’s public heartbreak now serves as a grim reminder of the risks lurking behind flashy profit promises and viral endorsements. What began as a seemingly harmless tweet admiring a then-popular investment platform has turned into a sobering story of loss, regret, and the real cost of chasing financial miracles in the digital age.

As investigations into CBEX begin to take shape and more victims come forward, one thing remains certain: the echoes of this financial disaster will ripple across the internet for months to come, and the scars left behind will linger far longer.

For Majeed, the road to recovery—financially and emotionally—will not be an easy one. But perhaps his honesty in sharing his downfall will save others from walking the same path.