Is the Walmart release about Litecoin fake? Yes it is.
13 Sep 2021
Wal-Mart confirms that someone spoofed the newswire
This is the spoof of the decade.
The Litecoin/Walmart release was through Globalnewswire, which is one of the largest PR newswires in the world and it was tweeted out by Litecoin’s verified account.
Some sleuths quickly noted that Walmart itself hadn’t tweeted about it that someone could gotten around the controls at Globalnewswire, which would be a major embarrassment for the firm.
Eventually, Litecoin’s official twitter account deleted the tweet.
This would be the mother of all embarrassments for news agencies but you can’t really blame them for thinking it was real since the company itself tweeted the press release, which is from Globalnewswire, which is one of the world’s largest newswire services.
Now, Walmart has confirmed that the story is fake.
This has gone from a big boost to the crypto space to a example of the skeptics of how it’s used by criminal scammers.