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Crypto firms move $4 billion in assets to Chainlink as bridge security comes under scrutiny
The shift comes after the Kelp DAO exploit drained $292 million from its LayerZero-powered bridge, increasing concerns over cross-chain infrastructure.
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coindesk.com
Kraken to replace LayerZero with Chainlink for kBTC, future wrapped assets
This sees a total of over $3 billion in TVL migrating after a $292 million LayerZero-powered bridge exploit involving Kelp.
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decrypt.co
Kraken to Migrate Wrapped Bitcoin Tech to Chainlink as LayerZero Exodus Expands - Decrypt
Crypto exchange Kraken is the latest firm to shift away from LayerZero tech following last month's $292 million Kelp DAO exploit.
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Crypto firms move $4 billion in assets to Chainlink as bridge security comes under scrutiny
The shift comes after the Kelp DAO exploit drained $292 million from its LayerZero-powered bridge, increasing concerns over cross-chain infrastructure.
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cryptobriefing.com
Lombard migrates over $1 billion in Bitcoin backed assets to Chainlink CCIP
Lombard migrates over $1B in Bitcoin-backed assets to Chainlink CCIP after reviewing cross chain security.
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Lombard Finance Dumps LayerZero, Will Use Chainlink to Power $1 Billion in Bitcoin Assets - Decrypt
The Bitcoin DeFi protocol is the latest to ditch LayerZero's cross-chain tech after the $292 million Kelp DAO hack, moving to Chainlink.