Fake Covid-19 Treatments Ask for Bitcoin Payments on Social Media

On January 29, a Twitter post promoted a website called Correction for Coronavirus and accepted Bitcoin as payment. Such scandals escalated as the global crisis intensified.

Screenshots from the Russian website of deactivation of the fake treatment show that this dose is being vaccinated up to three people. It claims to be affiliated with the Australian National University in Canberra.

Despite extensive research, there is currently no treatment or vaccine for COVID-19. It is not surprising, then, that corrupt people try to take advantage of the current crisis by promoting fraud. Avoid treatments sold online. Some journalists, such as Alex Jones, have been ordered to stop promoting supplements, as well as the alternative medications they promised to combat the disease.

Criminals want to profit by establishing fake charities and charities. Most people donate via bitcoin. Therefore, any group that claims to provide relief during the outbreak should do extensive research. Best Business Bureau has a website dedicated to this issue.

One safe way to make a donation is to choose a good organisation, such as the Red Cross. The Italian Red Cross’s drive to alleviate corona virus has already raised tens of thousands of euros.

The number of legitimate applications of bitcoin’s inherent technology blockchain to fight the corona virus is growing. One of them is Stanford University’s Fold, which is currently seeking help from bitcoin and crypto miners. Over the years, volunteers have contributed to the project by using their computer’s unused cycles for protein research. They uses a version of this app to study COVID-19, which greatly benefits from access to the GPU.

In addition, there have been a number of collective initiatives resulting from proposals to apply blockchain technology to fight the virus. One of them is Covidathan, an eight-week hackathon sponsored by SingularityNet and Ocean Protocol. Blockchain based applications are also being developed. Some are trying to create anonymous interactive maps of infection hotspots that can provide immutable data to health workers and the public. Others promise to perform well in complex logistics that provide much needed medical equipment.

Importantly, as the fight against COVID-19 grows, it is important to distinguish between honest projects and projects that seek to exploit people with false hope.