Kraken will replace LayerZero with Chainlink CCIP as exclusive cross chain infrastructure for kBTC and future wrapped assets.

This sees a total of over $3 billion in TVL migrating after a $292 million LayerZero-powered bridge exploit involving Kelp.

Crypto exchange Kraken is the latest firm to shift away from LayerZero tech following last month's $292 million Kelp DAO exploit.

Kraken will replace LayerZero with Chainlink CCIP as exclusive cross chain infrastructure for kBTC and future wrapped assets.

Kraken announced it is deprecating its existing cross-chain provider and migrating to Chainlink CCIP as its exclusive cross-chain infrastructure for Kraken Wrapped Bitcoin (kBTC)…