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Walmart and crypto investors were hit with fake news on Monday.
A press release, distributed by GlobeNewswire, touted the retail giant's alledged new payment option with Litecoin that turned out to be fake, according to Walmart.
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The release has since been deleted.
Inquiries by FOX Business to GlobeNewswire and the Litecoin Foundation were not immediately returned.
The price of Litecoin popped as high as $233.44 per coin Monday before turning lower on confirmation of the erroneous news.