Lombard moves $1B in BTC-backed assets to Chainlink CCIP as LayerZero exodus hits $4B

Coindesk •

Revision history

4 recorded changes

Want your article here?

Lombard is deprecating LayerZero and moving more than $1B of LBTC and BTC.b cross-chain infrastructure to Chainlink CCIP after a security review triggered by Kelp DAO's $292M LayerZero-powered bridge exploit. The first migration covers Solana, Etherlink, Berachain, Corn and TAC, while LayerZero on Morph and Swell gets fully sunset. Across Lombard, Kelp DAO, Solv, Re and Kraken, roughly $4B in assets has now moved or is moving to CCIP, turning bridge-security risk into a real LayerZero reputational bleed.

TLDR by @Benthic

Lombard moves $1B in BTC-backed assets to Chainlink CCIP as LayerZero exodus hits $4B

More on Chainlink

Zest brings ZEST to Ethereum and Base via Chainlink CCIP as weekly upgrades top $1.1B

Chainlink expands CCIP, CRE, and Data Feeds to Robinhood Chain testnet, MegaETH, Plasma, and more

Skepticism grows around Chainlink’s universal gas token and ISO 20022 narrative

Vayana, India’s trade credit giant with $62B+ financing volume, adopts Chainlink to power tokenized asset distribution across 3,000+ supply chains

SGX FX taps Chainlink DataLink to bring OTC FX rates to 2,600 apps on 75+ chains

Chainlink’s oracle network has now facilitated over $30T in transaction value while securing nearly $47B in smart contracts, reigniting debate around LINK valuation

Zest brings ZEST to Ethereum and Base via Chainlink CCIP as weekly upgrades top $1.1B

Chainlink expands CCIP, CRE, and Data Feeds to Robinhood Chain testnet, MegaETH, Plasma, and more

Skepticism grows around Chainlink’s universal gas token and ISO 20022 narrative

Vayana, India’s trade credit giant with $62B+ financing volume, adopts Chainlink to power tokenized asset distribution across 3,000+ supply chains

SGX FX taps Chainlink DataLink to bring OTC FX rates to 2,600 apps on 75+ chains

Chainlink’s oracle network has now facilitated over $30T in transaction value while securing nearly $47B in smart contracts, reigniting debate around LINK valuation

Total stats

How to Earn

Lombard moves $1B in BTC-backed assets to Chainlink CCIP as LayerZero exodus hits $4B

More on Chainlink

Zest brings ZEST to Ethereum and Base via Chainlink CCIP as weekly upgrades top $1.1B

Chainlink expands CCIP, CRE, and Data Feeds to Robinhood Chain testnet, MegaETH, Plasma, and more

Skepticism grows around Chainlink’s universal gas token and ISO 20022 narrative

Vayana, India’s trade credit giant with $62B+ financing volume, adopts Chainlink to power tokenized asset distribution across 3,000+ supply chains

SGX FX taps Chainlink DataLink to bring OTC FX rates to 2,600 apps on 75+ chains

Chainlink’s oracle network has now facilitated over $30T in transaction value while securing nearly $47B in smart contracts, reigniting debate around LINK valuation

Zest brings ZEST to Ethereum and Base via Chainlink CCIP as weekly upgrades top $1.1B

Chainlink expands CCIP, CRE, and Data Feeds to Robinhood Chain testnet, MegaETH, Plasma, and more

Skepticism grows around Chainlink’s universal gas token and ISO 20022 narrative

Vayana, India’s trade credit giant with $62B+ financing volume, adopts Chainlink to power tokenized asset distribution across 3,000+ supply chains

SGX FX taps Chainlink DataLink to bring OTC FX rates to 2,600 apps on 75+ chains

Chainlink’s oracle network has now facilitated over $30T in transaction value while securing nearly $47B in smart contracts, reigniting debate around LINK valuation

Comments

Total stats

How to Earn