Each covidtoken corresponds to an inhabitant of the Earth. With this system, many illegal cryptocurrency sites make a lot of money by speculating on the death of the inhabitants of the Earth due to Covid-19.
The virtual coins created by the developers were as many as there are inhabitants worldwide, seven and a half billion. Every day, according to the deaths and the infected, the corresponding number of covidtoken, thus increasing their value because the remaining ones became rarer. To reveal the macabre system to make money was Corsera who reported the contents of the investigations of the Public Prosecutor of Rome.
The prosecutor has seized the site covidtoken.org, a web space that for months has invited visitors to invest in covidtoken. A financial speculation on pain that the prosecutor Maurizio Arcuri has translated into legal terms with the crime of "abusive exercise of investment activities or collective savings managemento ".
To unsuspecting investors, it was also promised that 20% of the earnings would be donated to the Red Cross. There has never been any evidence that the Red Cross ever received such money.
Malicious activities via cyberspace did not end with the closure of the site covidtoken.org, because the postal police reported that a new site would already be operational in which the same investment method is proposed. And another site of the same nature, coronatoken.org, had already been seized in early summer, being replaced in real time by covidtoken.org.
The servers where the sites are registered are located in the United States and the data to calculate the number of cryptocurrencies to be removed from the "illegal" market were taken from third-party structures and therefore unquestionable such as John Hopkins University or the World Health Organization.