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BitGo shifts $7.3B WBTC cross-chain service from LayerZero to Chainlink's CCIP amid security concerns.

Market News
04 Aug 2026
Coindesk
View Source
Bullish
pluang ai news

BitGo is replacing LayerZero with Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive cross-chain provider for $7.3 billion worth of wrapped bitcoin (WBTC). This move is part of a broader migration wave following a $292 million exploit of Kelp DAO's LayerZero-powered bridge, raising security concerns about LayerZero's configurations. With this change, the total value of assets moving from LayerZero to Chainlink now approaches $15 billion. BitGo will standardize WBTC deployments using Chainlink's cross-chain token standard while maintaining control over token contracts and transfer settings. The timeline for completing the full migration has not been disclosed.

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Investors in Elauwit Connection may claim losses after company revises financials, stock drops 6.8%.

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