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🔥$230M Hack, JPMorgan Bitcoin Shift, Polygon’s MATIC to POL Swap

Welcome back! This is Crypto Ballers, the best place to read crypto news in 2 minutes! In todays newsletter:

- 🔥 WazirX Hit by $230M Hack.
- 🔥 Trump Reveals JPMorgan CEO's Sudden Bitcoin Flip.
- 🔥 Polygon’s Big Swap: MATIC to POL Migration Set for September 4th.

NEWS
WazirX Hit by $230M Hack

WazirX has been hacked, losing over $230 million. Investigators traced the breach to an address with transactions starting on July 10th, routed through Tornado Cash to obscure the trail. This sophisticated tactic hints at the possible involvement of the notorious Lazarus Group.

NEWS
Trump Reveals JPMorgan CEO's Sudden Bitcoin Flip

In an interview with Bloomberg, Donald Trump revealed that JPMorgan CEO Jamie Dimon has "changed his tune a little bit" on Bitcoin. Dimon, who once labeled Bitcoin as a fraud and a Ponzi scheme, is now overseeing JPMorgan's blockchain and cryptocurrency development to enhance internal transactions. Trump also hinted that Dimon is being considered for U.S. Treasury Secretary in his administration.
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NEWS
Polygon’s Big Swap: MATIC to POL Migration Set for September 4th!

On September 4th, Polygon will transition from MATIC to POL, with POL becoming the primary token for gas fees and staking. This change marks the first phase of POL’s integration into future Polygon projects, including AggLayer. Current MATIC holders on the Polygon PoS network won’t need to take action, but those on Ethereum or other platforms should follow the migration process outlined by the community.
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