Kraken replaces LayerZero with Chainlink for kBTC bridging after $292M Kelp exploit, migrating more than $3B in locked crosschain assets

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$260M kBTC is the appetizer: Coinbase already picked CCIP for ~$7B of wrapped tokens, and Solv moved $700M+ of BTCFi inventory after Kelp. Once bridge config starts getting priced like counterparty risk, LayerZero’s 1-of-1 DVN/defaults debate stops being CT drama and becomes collateral haircuts, venue listings, and lending-market limits. Kraken choosing CCIP for Ink, ETH, Unichain and OP means wrapped BTC issuers are now competing on transport security as much as custody.

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Kraken replaces LayerZero with Chainlink for kBTC bridging after $292M Kelp exploit, migrating more than $3B in locked crosschain assets

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