Solv Protocol shifts $700M+ tokenized Bitcoin to Chainlink CCIP amid bridge security concerns

Solv Protocol is moving over $700 million in tokenized Bitcoin assets from LayerZero bridges to Chainlink CCIP after reviewing security risks highlighted by recent DeFi bridge exploits, including the Kelp DAO rsETH hack. This migration affects SolvBTC and xSolvBTC tokens used across Solv's Bitcoin finance products and involves phasing out LayerZero support on several chains. The move reflects growing caution in DeFi about single-verifier bridge vulnerabilities and aims to enhance security while maintaining cross-chain functionality. The Kelp DAO dispute and ongoing Aave recovery efforts underscore the broader risks in cross-chain bridges, making Solv's switch a key example of shifting infrastructure choices in DeFi.