Lombard migrates over $1B in Bitcoin-backed assets to Chainlink CCIP after reviewing cross chain security.
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The move comes as DeFi protocols shift about $4 billion in assets to Chainlink after renewed scrutiny of cross chain bridge security.
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Lombard is migrating more than $1 billion in Bitcoin-backed assets to Chainlink’s Cross Chain Interoperability Protocol as DeFi protocols reassess cross-chain security following Kelp DAO’s April exploit.
Following a comprehensive security review of the cross-chain infrastructure underpinning LBTC and BTC.b:
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