Walmart looks into fake press release on Litecoin tie-up
According to a news report, Walmart Inc has said it is looking into a fake press statement which announced a partnership with Litecoin, leading to a nearly 30% gain in the cryptocurrency. The fake statement issued by the news release distributor GlobeNewswire has been withdrawn with a notice which stated that Walmart had no knowledge of the press release issued by GlobeNewswire. GlobeNewswire has assured that it has improved its authentication steps to prevent a similar incident from occurring in the future and would work with the appropriate authorities to ensure full investigation, including any possible criminal activity associated with the issue.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.