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Lombard migrates $1B in Bitcoin-backed assets to Chainlink CCIP after $292M exploit shakes LayerZero confidence
Lombard Finance moves over $1B in Bitcoin-backed assets from LayerZero to Chainlink CCIP after a $292M exploit, joining a $4B industry-wide migration wave.
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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.
