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2021-09-14

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Walmart says litecoin tie-up statement fake; cryptocurrency jolted

(Reuters) -Walmart Inc said on Monday that a news release announcing a partnership with litecoin, wh

Walmart says litecoin tie-up statement fake; cryptocurrency jolted

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Walmart has no relationship with litecoin,” a company spokesperson told Reuters.\nGlobeNewswire published a notice to “disregard” the news release and said it had put in place enhanced authentication steps to prevent a similar incident from occurring in the future.\n“We will work with the appropriate authorities to request – and facilitate – a full investigation, including into any criminal activity associated with this matter,” GlobeNewswire said in an emailed statement.\nSeparately, the Litecoin Foundation said in a Twitter post that it had no information on where the news release had originated. The foundation is a non-profit organization that promotes the cryptocurrency and is run by litecoin creator Charlie Lee.\nLee told Reuters in an email the hoax was being investigated but little headway had been made so far.\nLitecoin jumped about 30% following the fake statement, as crypto traders were buoyed by the prospect of the world’s largest retailer accepting cryptocurrency payments. 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Walmart says litecoin tie-up statement fake; cryptocurrency jolted

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