WazirX Hacked for $230M; Mark Cuban, Vitalik Buterin Speak Up on Crypto and Politics

Was our X hacked for $230 million and influential people are at odds over crypto focussed political candidates. You're watching Coin desk daily. I'm your host, Jen Sani Indian crypto exchange. Walter X experienced a security breach in one of its multi sig wallets leading to the loss of user funds and over $230 million in withdrawals. The exchange confirmed the attack in an ex post and announced that in R and crypto withdrawals will be temporarily paused for the safety of users assets. The stolen funds account for over 45% of the exchange's $500 million holdings which it disclosed in a June report, Blockchain slew. The lit take said that North Korea linked hackers appear to have perpetrated the attack and transactional data shows the exploiter is actively selling the stolen tokens including $100 million worth of Shiba Inu and $52 million in Ether using Unis Mark Cuban posted. It's a Bitcoin play on X saying that Trump as president makes it easier to operate a crypto business because of the inevitable and required changes at the US SEC. It was reported this week that V CS Mark Andreessen and Ben Horowitz plan to donate money to support Trump's campaign. Now, all this, well, if you co-founder Vitale Bin argued against supporting candidates purely based on whether they are pro crypto or not in a blog published on Wednesday. He said that by publicly giving the impression that you support pro crypto candidates just because they're pro crypto, you're helping to create an incentive gradient where politicians come to understand that all they need to get your support is to support crypto and Polygon labs. The main developer firm behind Polygon said it will be performing the technical upgrade that swaps out its Matic token for its new poll token on September 4th. The migration comes as part of Polygon's planned revamp laid out in last year's Polygon 2.0 road map after the swap poll will be the main token for all Polygon networks. That's it for coin desk daily, get more updates on coin desk.com and we'll see you next time.