[Crypto Warning] Fake Walmart ICO Token Offering on WalmartLeafy.com Spreads after Latest Blockchain News

The cryptocurrency and blockchain space have been expanding during the last months. But fake news have also been growing on the internet. This time, the website Chainstate has reported that Walmart was planning an Initial Coin Offering (ICO) in a partnership with the Enterprise Ethereum Alliance (EEA) and 0x.

According to Chainstate, Walmart Inc. launched an ICO known as Walmart Leafy. As per this report, the firm wanted to create a finance platform compatible with the Internet of Things (IoT).

The information that spread on the internet said that the company was going to create 1 billion WAL tokens that were going to be used in the financial platform. At the same time, they informed that the project was going to be launched in collaboration with the EEA.

Furthermore, the report informed that some high profile exchanges such as Binance, Bitfinex and Poloniex had already partnered with Walmart to list its WAL tokens.

However, this was not real. Walmart is currently working with IBM in order to use blockchain technology and improve the food supply chain. This would allow the company to track the goods it sells, keep track of its products and reduce general costs.

At the same time, there are no sources talking about this partnership between EEA and 0x with Walmart.

According to the Reddit user screaming_for_memes, the white paper presented was just fake and a scam that was copied from the blockchain company Rigoblock. The only difference between Rigoblock’s white paper and the fake Wallmart document circulating on the website was the name: ‘Rigoblock’ was replaced by ‘Walmart.’

Rigoblock’s official website informs that they are a decentralized asset management network that helps the ‘token economy scale to the next level.’

The Walmart Leafy website is currently down as well as the website with the information about the white paper.

It is always important to be careful about these fake news paying close attention to the sources used.