Fake press release dupes media outlets into reporting that Walmart will begin accepting Litecoin

September 13, 2021

Fake press release dupes media outlets into reporting that Walmart will begin accepting Litecoin

A graph of the value of Litecoin, showing a brief but large spike in its value

Spike in Litecoin value attributed to the fake press release (attribution)

A press release distributed via GlobeNewswire claimed Walmart was announcing a partnership with Litecoin to begin accepting the cryptocurrency as a payment method. The value of Litecoin spiked before tumbling after Walmart said the announcement was fake.

"No, Walmart will not be accepting Litecoin. Here's how people were duped.", Mashable