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LayerZero’s Troubles Persist as Lombard Shifts $1B to Chainlink

The embattled bridging provider has now lost control over more than $4B amid ongoing fallout from last month's KelpDAO exploit.
LayerZero’s Troubles Persist as Lombard Shifts $1B to Chainlink
Jack Inabinet Jack Inabinet
May 15, 2026 • 1 min read
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Lombard Finance is migrating over $1B in bitcoin-backed assets to Chainlink's CCIP, compounding on a broader industry retreat from LayerZero LayerZero following KelpDAO's high-profile exploit last month.

What's the Scoop?

  • Lombard Migration: Bitcoin Bitcoin liquid staking protocol Lombard is migrating more than $1B in assets from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) following "a comprehensive security review" of its cross-chain infrastructure.
  • Mass Upheaval: Lombard joins other major asset issuers including KelpDAO, Solv, and Re in abandoning LayerZero infrastructure for CCIP. Just yesterday, Kraken Kraken announced it will adopt CCIP as its exclusive interoperability layer for Kraken Warpped Bitcoin Bitcoin (kBTC). Separately, Kraken's Trydo lending market on Ink Ink chain has already switched all of its price oracles to Chainlink. Altogether, more than $4B of value has migrated to Chainlink-secured solutions since the KelpDAO KelpDAO exploit.


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En el artículo
Bitcoin Bitcoin Chainlink Chainlink LayerZero LayerZero Solana Solana Swell Swell Berachain Berachain Corn Corn Kraken Kraken KelpDAO KelpDAO Ink Ink
Jack Inabinet

Written by Jack Inabinet

925 Articles • View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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