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Kraken Drops LayerZero, Moves Wrapped-Asset Bridge to Chainlink CCIP

The exchange cites CCIP’s multi-operator, audited design after April’s Kelp DAO hack exposed risks in single-verifier bridges.

Lombard joins layerzero exodus as $4 billion in assets switch to chainlink's bridge
Lombard joins chainlink ccip as layerzero exodus tops $4b
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Overview

  • Kraken, which disclosed the change Thursday, will use Chainlink’s CCIP as the exclusive cross‑chain system for kBTC today and all future Kraken Wrapped Assets.
  • The backend migration spans Ink, Ethereum, Optimism, and Unichain, kBTC holders do not need to take any action, and Kraken continues to custody the Bitcoin that backs the token 1:1.
  • Kraken points to CCIP controls such as ISO 27001 and SOC 2 Type 2 compliance, 16 independent node operators validating messages, and native rate limits to curb large unauthorized transfers.
  • The move follows the April 18 exploit that drained 116,500 rsETH from Kelp DAO after attackers poisoned LayerZero’s internal RPCs in a single‑verifier setup attributed to the Lazarus Group.
  • Protocols including Kelp, Solv, Re, and Lombard say more than $3 billion to over $4 billion in assets are shifting to CCIP, while LayerZero ends support for 1‑of‑1 verifier configurations and rolls out stricter defaults.