BitGo’s WBTC move pushes LayerZero-to-Chainlink tally near $15 billion
BitGo is migrating its Wrapped Bitcoin (WBTC) infrastructure to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) following security concerns with previous bridge configurations. This move contributes to a broader industry trend of projects shifting to more secure cross-chain standards, with nearly $15 billion in assets now utilizing CCIP.
The move forms part of a migration wave that started following the $292 million exploit of Kelp DAO’s LayerZero-powered bridge earlier this year , which increased scrutiny of LayerZero bridge configurations. Various other projects, including Mantle, Kelp, Lombard, Solv Protocol, Virtuals, Re and Kraken have since announced moves to Chainlink’s CCIP .
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