Dogecoin Co-Creator, Others React To Litecoin-Walmart Fiasco: Why You Shouldn't Take 'This Stuff So Serio - Benzinga

Monday’s Litecoin (CRYPTO: LTC) spike thanks to a fake press release about its non-existent partnership with Walmart Inc (NYSE:WMT) is a wake-up call to not take “this stuff so seriously,” as per Dogecoin (CRYPTO: DOGE) co-creator Billy Markus.

What Happened: Markus reacted to the LTC-Walmart phony news and noted that multiple mainstream news outlets reported the false story.

– Phony article released about Walmart partnering with Litecoin.

– Multiple mainstream news outlets report false story.

Former hedge fund manager and Bitcoin investor Michael Novogratz had a laugh on those who purchased LTC on the Walmart news.

— Mike Novogratz (@novogratz) September 14, 2021.

— David Gokhshtein (@davidgokhshtein) September 13, 2021.

Department of Justice will look for the people responsible for the fake press release but the attention should be on media regulation.

Everyone is yelling and screaming about regulating the crypto industry after this morning's fake press release.

— Pomp  (@APompliano) September 13, 2021.

As for Walmart, the company too took to Twitter to deny its relationship with LTC and issued a full-length statement as well.

An incorrect news release issued today falsely stated Walmart announced a partnership with Litecoin (LTC).

Walmart has no relationship with Litecoin

(@WalmartInc) September 13, 2021