Great news, crypto enthusiasts! Islamic Coin is thrilled to announce the launch of its public sale for ISLM tokens, and this one's not to be missed. In partnership with Republic, this sale promises to bring a fresh perspective to the crypto world, blending ethical values with Shariah principles and a strategic market entry approach.
During this public sale, individuals worldwide are invited to become a part of the global Islamic coin community. What's in it for you? The chance to dive into liquidity provision, asset allocation, and token creation through liquidity mining. It's your opportunity to shape the future of #cryptocurrency and it starts right here.
With the support of the Shariah-compliant HAQQ network, Islamic Coin is on a mission to empower the world's 1.9 billion Muslims in the crypto market. But it doesn't stop there. A remarkable 10% of each coin issue will go to charity, demonstrating the project's commitment to creating positive change beyond just the Muslim community.
Islamic Coin isn't just another crypto project. It boasts support from opinion leaders within the royal families of Abu Dhabi and Dubai. Plus, it's gained the endorsement of experts in Islamic and conventional finance from London to Wall Street. This project has the backing and wisdom of some of the best in the business.
The team behind Islamic Coin has been making waves, having already raised a substantial $193 million in private sales. Partnerships with ABO Capital, DF 101, A195, and Optic Capital have contributed to this impressive feat. Moreover, an exclusive integration agreement with DDCAP Group and its vast network of over 300 global banks promises even more exciting developments.
This collaboration doesn't just stop at the sale. Islamic Coin is also merging Republic's cryptocurrency advisory services with customised tokenomics services.
This is a chance to be part of something groundbreaking. Islamic Coin's public sale is your ticket to a #Crypto future that's ethical, innovative, and inclusive. #ETH
Disclaimer: This article does not advocate an offer to sell, nor does it make a recommendation of any securities, goods or services. This does not constitute investment advice. Please do your own research.
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REXBOX –
A crypto whale has lost $4.46 million in a phishing scam when USDT was illicitly transferred from the owner’s wallet on Kraken to a scammer’s wallet.
Crypto Scammers Strike Again
The scam was flagged by PeckShield, a blockchain security company, which labeled the address ending in “ACa7” as a phishing scammer’s address. Soon after, Scam Sniffer, a blockchain scam platform, added information about the incident, revealing that the funds were routed to an address connected to a “fake Coinone crypto mining exchange.”

Although the specifics of how the scam was carried out are still being investigated, the huge amount at stake highlights the sophistication employed by the cybercriminals.
Phishing has become a common approach to scamming as more people are becoming vigilant against other methods. Based on data from a Dune Analytics dashboard, scammers have used phishing and other similar methods to steal a total of $337.1 million USDT from as many as 21,953 victims since September 2021.
According to the Global Anti-Scam Organization, victims of this particular approval mining scam are frequently duped into approving limitless withdrawals from their cryptocurrency wallets.
“When you create a self-custody crypto wallet […] you obtain a ‘private key’ that is safeguarded through encryption. However, the fraudsters do not need your seed phrase,” GASO said. Explaining on its website, GASO stated that when a victim clicks the link to join the phony mining pool, they’re clicking on a button that will seek a $10–$50 network charge in Ether.
While this amount might seem reasonable, GASO suggests it is to trick the user. “This is merely a front to obtain your digitally signed authorization, allowing unlimited access to your wallet via the USDT smart contract.”
Phishing Scams: A Rising Threat
It’s vital to note that phishing schemes might rank as the fourth most popular kind of fraudulent method by the end of the year.
This incident follows a similar one that took place earlier in September where a crypto whale lost a staggering $24 million worth of various crypto assets from their Ethereum wallet to a phishing scam. This was registered as one of the biggest individual crypto thefts caused by the phishing attack to date.

The stolen assets comprised 9,579 Lido Staked ETH (stETH), valued at around $15.6 million at the time, and 4,851 Rocket Pool ETH (rETH), valued at approximately $8.5 million.
Given the rise of phishing scams both in the number of incidents as well as the magnitude of loss, authorities and organizations alike are advising cryptocurrency users to adopt strong security precautions. These include protecting private keys, exercising caution when responding to unwanted offers or demands for personal information and even conducting extensive research before choosing to join phony crypto schemes.
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