Cryptocurrency litecoin gave up a 20% gain and tumbled back to earth following a fake press release sent out by GlobeNewswire that referenced a partnership with Walmart.
Walmart spokesman Randy Hargrove confirmed the press release is not authentic. He also said the retailer has been in touch with the newswire company to investigate how the false press release got posted.
GlobeNewswire is owned by telecommunications company Intrado. It issued a “notice to disregard” the original release at 11:18 a.m. EST.