Kroger, like Walmart, hit by fake crypto press release


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The Kroger Co. said on Friday that a press release claiming the national grocer would start accepting Bitcoin Cash was fabricated and fake, becoming the second giant retailer in weeks to fall victim to a spurious announcement that they would take a cryptocurrency as payment.

National grocery chain Kroger has been hit by a fake press release claiming the company will start accepting Bitcoin Cash soon (istock / iStock)

Teleprinter Security Last Change Change %
KR THE KROGER CO. 44.20 +0.47 +1.06%
WMT WALMART INC. 142.53 +1.75 + 1.24%

“This morning, a press release was fraudulently issued, claiming to be The #Kroger Co., falsely stating that the organization would start accepting Bitcoin Cash,” the company tweeted. “This communication was fraudulent and is unfounded and should be ignored.”

The bogus press release, titled “Kroger to accept Bitcoin Cash,” was posted on the Kroger investor relations section of their website via a direct stream from PR Newswire, where it was originally posted, the channel said. grocery store at Reuters.

Kroger

The Kroger company website is displayed on a laptop in the background with a hand holding a bank card. (Photo Illustration by Rafael Henrique / SOPA Images / LightRocket via Getty Images) (Rafael Henrique / SOPA Images / LightRocket / Getty Images)

BED BATH & BEYOND STOCK FLY ON KROGER COLLABORATION NEWS

PR Newswire, for its part, said it was “urgently investigating the incident, including any criminal activity associated with this matter.”

Bitcoin Cash is an offshoot of Bitcoin which was developed in 2017 using the same underlying code, but aims to be easier and cheaper to trade.

Walmart

Exterior view of a Walmart store (Photo by Kena Betancur / VIEWpress via Getty Images) (Kena Betancur / VIEWpress / Getty Images)

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Walmart had to set the record straight last month after someone issued a fake press release claiming the company would allow Litecoin cryptocurrency as a new payment option.

The fake press release targeting Walmart in September was published by GlobeNewswire under the headline “Walmart Announces Major Partnership with Litecoin (LTC)”. After discovering it was a hoax, GlobeNewswire sent out a notice telling readers to ignore the newsletter.

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