Litecoin's value increased by 20%
One of America’s largest companies has been the target of a cryptocurrency scam.
A mock-up press release was sent out, alleging to be from the firm, noting it was now accepting Litecoin as payment.
Litecoin's value increased by 20% in the markets as a result.
Professor Brian Lucey, from Trinity Business School, says it’s what called a ‘pump and dump’ scam:
