COVID-19 conspiracy theories emerged almost immediately after the beginning of the pandemic, and the number of believers does not appear to decline. Believing in these theories can negatively affect adherence to safety guidelines and vaccination intentions, potentially endangering the lives of many. Thus, one part in successfully fighting the pandemic is to understand the antecedents and consequences of COVID-19 conspiracy beliefs, which are here presented in a rapid review summarizing research from more than 28 countries. We evaluate the contribution of individual difference variables (demographic variables, personality traits, coping with threat and uncertainty), beliefs, biases, and attitudes (epistemically suspect beliefs, thinking styles and cognitive biases, attitudes towards science), and social factors (group identities, trust in authorities, social media) to COVID-19 conspiracy theories. We discuss the consequences of COVID-19 conspiracy beliefs in regard to safeguarding behaviours (hygiene, distancing, and mask-wearing), self-centred (hoarding) and misguided behaviours (pseudoscientific practices), vaccination intentions, mental health and negative social consequences (e.g., discrimination and violence). Differences between countries as well as various conspiracy theories are considered. Summarising, we suggest that belief in COVID-19 conspiracy theories is boosted by low levels of trust in a context of threat and low levels of comprehensive, accessible information in a context of uncertainty and unknowns. We conclude that research is urgently needed to address potential interventions to (re-)establish trust and provide accessible information about COVID-19.