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

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

News
28. March 2020. by adminBTC
14
A twitter put up on January 29 promoted an internet site promoting a so-called treatment for coronavirus, accepting Bitcoin as fee. Scams resembling this have proliferated as the worldwide disaster escalates.  Scammers Promoting False Hope & Asking for Bitcoin The Russian-based web site promoting the pretend treatment has been deactivated. Screenshots present it providing the
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A twitter put up on January 29 promoted an internet site promoting a so-called treatment for coronavirus, accepting Bitcoin as fee. Scams resembling this have proliferated as the worldwide disaster escalates. 


Scammers Promoting False Hope & Asking for Bitcoin

The Russian-based web site promoting the pretend treatment has been deactivated. Screenshots present it providing the so-called vaccine in doses for as much as three individuals. It claimed to be tied to the Australian Nationwide College in Canberra.

Though in depth analysis is underway, no treatment or vaccine for COVID-19 presently exists. However, it’s not shocking that scammers would search to use the present disaster by selling hoaxes. Any so-called remedies bought on-line must be averted. Some media personalities, resembling Alex Jones, have been ordered to cease selling dietary supplements and different medicines that they’ve asserted will struggle the illness.

Criminals are additionally making an attempt to revenue by establishing pretend charities and help organizations. Many search donations through Bitcoin. Thus, any group claiming to supply aid through the present outbreak must be extensively researched. The Higher Enterprise Bureau has a web site devoted to this challenge.

One secure solution to donate is to decide on a well-established group such because the Pink Cross. A drive by the Italian Pink Cross has already raised 1000’s of Euros for coronavirus aid. Bitcoin donations to the Worldwide Pink Cross could be made through BitPay.

Official Initiatives Use Science And Actual Knowledge

There are a rising variety of reliable functions of bitcoin’s underlying know-how blockchain underneath growth that will assist struggle the coronavirus. One is Stanford College’s [email protected] venture, which now seeks assist from bitcoin and crypto miners. For years volunteers have donated their pc’s unused cycles to this venture for protein analysis. [email protected] is now establishing a model of this utility for learning COVID-19 that may profit tremendously from entry to GPUs.

Additionally, proposals to use Blockchain know-how to struggle the virus has led to a variety of collective initiatives. One is the Covidathon, an eight-week hackathon sponsored by SingularityNET and Ocean Protocol. Blockchain-based apps are additionally underneath growth. Some search to create nameless interactive maps of an infection hotspots that may present immutable knowledge for each well being staff and most of the people. Others promise to higher handle the advanced logistics of delivering desperately wanted medical tools.

Importantly, because the struggle towards COVID-19 grows, will probably be more and more necessary to attract a distinction between sincere initiatives and those who search to exploit the general public by offering false hope.

We want you keep secure amid this disaster and never fall prey to any such scams


Picture through Shutterstock



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