Lombard migrates $1B in Bitcoin-backed assets to Chainlink CCIP after $292M exploit shakes LayerZero confidence

Lombard has joined a wave of protocols switching to Chainlink CCIP as LayerZero migrations top $4 billion. LayerZero exploit sparks industry-wide migration The shift accelerated after a $292 million exploit drained 116,500 rsETH from Kelp DAO’s LayerZero-powered bridge in April…

The Bitcoin DeFi protocol is moving its assets away from LayerZero following the Kelp DAO exploit that led to the loss of $292 million.

The embattled bridging provider has now lost control over more than $4B amid ongoing fallout from last month's KelpDAO exploit.

Lombard migrates over $1B in Bitcoin-backed assets to Chainlink CCIP after reviewing cross chain security. The post Lombard migrates over $1 billion in Bitcoin backed assets to Chainlink CCIP appeared first on Crypto Briefing.

LayerZero has come under scrutiny since it was exploited in April, as crypto protocols reevaluate their cross-chain providers and seek safer alternatives.

The post Kraken migrates to Chainlink CCIP for kBTC appeared on BitcoinEthereumNews.com. Kraken is deprecating its cross-chain provider and migrating to Chainlink CCIP as the exclusive infrastructure for its wrapped assets. Summary Kraken chose Chainlink CCIP for its ISO 27001 and SOC 2 compliance, 16 independent nodes, native rate limits, and enterprise-grade security standards. The migration covers Kraken Wrapped Bitcoin (kBTC) and all future Kraken wrapped assets deployed across DeFi protocols. The move follows similar migrations by Kelp, Solv, and Re after the $292 million KelpDAO exploit in April that hit a LayerZero-powered bridge. Kraken posted the announcement on X on May 14, confirming that Chainlink’s Cross-Chain Interoperability Protocol will become its exclusive bridge infrastructure going forward. The exchange did not specify a migration timeline but said the switch covers kBTC, its 1:1 Bitcoin-backed wrapped token, and all future Kraken wrapped assets that it plans to bri

Kraken is deprecating its cross-chain provider and migrating to Chainlink CCIP as the exclusive infrastructure for its wrapped assets. Kraken posted the announcement on X on May 14, confirming that Chainlink’s Cross-Chain Interoperability Protocol will become its exclusive bridge infrastructure…

Kraken is deprecating its existing cross-chain infrastructure and moving exclusively to Chainlink CCIP to secure Kraken Wrapped Bitcoin (kBTC) and all future wrapped assets.