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Fake Walmart news release claimed it would accept cryptocurrency
Source: BBC
Fake Walmart news release claimed it would accept cryptocurrency
13 September 2021
Cryptocurrency Litecoin saw a sudden surge in price on Monday over a press release about Walmart accepting it for payment - which turned out to be fake.
The release, published through a legitimate press channel, claimed that Walmart would accept the currency through all its digital stores.
Walmart later told US media outlets the announcement was "inauthentic".
By that time, several major news websites and press agencies had spread the supposed news.
It is not clear how the announcement made it on to Global Newswire, a service widely used to distribute press material from companies.
-snip-
13 September 2021
Cryptocurrency Litecoin saw a sudden surge in price on Monday over a press release about Walmart accepting it for payment - which turned out to be fake.
The release, published through a legitimate press channel, claimed that Walmart would accept the currency through all its digital stores.
Walmart later told US media outlets the announcement was "inauthentic".
By that time, several major news websites and press agencies had spread the supposed news.
It is not clear how the announcement made it on to Global Newswire, a service widely used to distribute press material from companies.
-snip-
Read more: https://www.bbc.com/news/technology-58545944