Kraken joins LayerZero exodus as it switches to Chainlink CCIP

Written by Martin Young, Staff Writer. Reviewed by Felix Ng, Staff Editor. Written by Martin Young, Staff Writer. Reviewed by Felix Ng, Staff Editor. Kraken joins LayerZero exodus as it switches to Chainlink CCIPLatest NewsPublishedMay 15, 2026LayerZero has come under scrutiny since it was exploited in April, as crypto protocols reevaluate their cross-chain providers and seek safer alternatives. Crypto exchange Kraken announced Thursday that it changed its cross-chain provider from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, joining a number of protocols that have made the move following the Kelp DAO exploit in April.Kraken said it is deprecating its existing cross-chain provider and migrating to Chainlink CCIP as its exclusive cross-chain infrastructure to secure Kraken Wrapped Bitcoin (kBTC) and all future wrapped tokens.The company added that it chose Chainlink CCIP because it “offers enterprise-grade infrastructure with strict security and risk management requirements.” These include certifications, secure-by-default design, 16 independent nodes and native rate limits.LayerZero has been under scrutiny since the Kelp DAO exploit in April, in which about $292 million in liquid restaking tokens were stolen by actors suspected to be linked to North Korea’s Lazarus Group.LayerZero issued an “overdue apology” on May 9, saying that it had done a “terrible job on comms over the past three weeks.”It admitted that its internal RPCs (remote procedure calls) were attacked and had their “source of truth poisoned” while its external RPC providers were simultaneously hit with a denial of service attack, but blamed Kelp’s configuration as a direct consequence of their single-DVN (Decentralized Verifier Network) setup.LayerZero confirmed that no other application had been affected, and more than $9 billion in bridged assets have been moved using the protocol since April 19.Other protocols migrate away from LayerZeroKraken is not alone in making the swi…

Kraken joins LayerZero exodus as it switches to Chainlink CCIP

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