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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 following KelpDAO's high-profile exploit last month.
What's the Scoop?
- Lombard Migration:
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 announced it will adopt CCIP as its exclusive interoperability layer for Kraken Warpped Bitcoin Bitcoin (kBTC). Separately, Kraken's Trydo lending market on 
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 exploit.
Following a comprehensive security review of the cross-chain infrastructure underpinning LBTC and BTC.b:
— Lombard (@Lombard_Finance) May 15, 2026
- CCIP will replace LayerZero as the cross-chain infrastructure across Solana, Etherlink, Berachain, Corn, and TAC
- LayerZero on Morph andSwell will be fully deprecated
