In the face of allegations linking SidraBank to Hamas, users of the decentralized Islamic digital bank have vehemently defended the project’s legitimacy. The controversy ignited with a tweet from @cryptoleakvn, later published by NewsWay, a publication criticized for spreading rumors against SidraBank.
Suspected: The dev of the @sidrabank project belongs to the Hamas and was killed after Israel's mass missile attacks in Gaza. Previously, Hamas was accused of being behind a crypto project to mobilize finance to buy Iranian weapons.
Pray for peace with Palestinians & Israel!
— Cryptoleakvn (@cryptoleakvn2) November 1, 2023
Users took to Twitter to emphasize SidraBank’s transparency and accountability since its inception. They pointed out that the project underwent audits by multiple independent firms, all affirming its legitimacy.
Ahmed Issah, a user, stated, “SidraBank is a genuine project with a real team and a real product. It’s unfair to tag it fraudulent without any evidence.” Another user, Yusuf, echoed this sentiment, highlighting the project’s transparency and multiple positive audit outcomes.
Criticism was also directed at NewsWay, accused of a history of publishing false and misleading information. Users labeled it a “known FUD website” and criticized its profit-driven approach.
The SidraBank community rallied against the allegations, urging crypto users to support the project and spread awareness of its legitimacy. One user vowed, “SidraBank is here to stay, and we’re going to continue to build a strong and sustainable community.”
SidraBank, a decentralized Islamic digital bank, operates on blockchain technology, ensuring secure and transparent transactions. It adheres to Islamic principles, offering features like a mining platform, a wallet, and an Islamic-compliant loan platform.
Despite being in development, SidraBank aims to revolutionize Muslim interactions with the digital currency market, boasting benefits such as compliance with Islamic law, security through blockchain, global accessibility, and affordability. Users remain optimistic about SidraBank’s potential to provide a safe and compliant platform for Muslims in the digital currency space.
The SidraBank community, undeterred by the allegations, continues to emphasize the project’s commitment to Islamic values and its potential to transform how Muslims engage with digital currencies. Users are actively countering the negative narrative, urging others to focus on the platform’s benefits and objectives.
Amid the controversy, SidraBank’s development progresses, with a clear vision to create a decentralized platform accessible globally. Users express enthusiasm for the upcoming mining platform, which allows them to earn SidraBank Coin, and the wallet designed for secure storage of digital currencies, including SidraBank Coin.
One user emphasized, “NewsWay’s attempt to tarnish SidraBank’s reputation won’t succeed. Our community stands united, and we’ll continue advocating for a project that aligns with our values.”
The project’s commitment to compliance with Islamic law remains a central point for its supporters. Users highlight the significance of SidraBank’s avoidance of usury and speculation, ensuring transactions on the platform adhere to Islamic principles.
As SidraBank navigates this challenging period, the community’s resilience reflects their belief in the project’s potential to offer a compliant and secure alternative for Muslims seeking to invest in and trade digital currencies.
While criticism is directed at NewsWay, the focus for SidraBank supporters remains on fostering a positive narrative around the project. One user stated, “We invite everyone to look beyond the rumors and misinformation. SidraBank is a beacon of innovation in the intersection of finance and technology.”
In the evolving landscape of digital currencies, SidraBank continues to position itself as a promising platform, gaining support from its community and pushing forward despite the challenges posed by external scrutiny. The story of SidraBank becomes not just about overcoming allegations but also about resilience in the face of adversity and a commitment to the principles that underpin the project. Continue Reading
