$4B Migrates to Chainlink CCIP After LayerZero Security Concerns
Over $4 billion in assets has migrated from protocols using LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP). This significant shift, involving protocols like Lombard, Solv, Kraken, Puffer, RE7, and Elixir, followed security reviews that favored CCIP's risk management. The move comes amid recent concerns and reported exploits related to LayerZero, prompting a preference for Chainlink's perceived enhanced security.
Detected & updated continuously · Source: Ruma
Mentioned
LayerZero (zro)
Chainlink (link)
Solv Protocol (solv)
Lombard (bard)
Elixir (elx)
Re7 RWA (re7rwa)
@puffer_finance
@krakenfxSources
@MSBIntel
BREAKING: Over $4B has migrated from LayerZero to Chainlink CCIP. Protocols including Lombard, Solv, Kraken, Puffer, RE7 and Elixir switched after security reviews favored CCIP’s risk management and verification model. https://t.co/1fASiA7zwW
@TheLinkPanda
Another @LayerZero_Core exploit. It's time people migrate to the ONLY secure protocol. @chainlink or lose. https://t.co/OH0Rz0AQKj