Lombard Joins LayerZero Exodus as $4 Billion in Assets Switch to Chainlink's Bridge

Lombard joins LayerZero exodus as $4 billion in assets switch to Chainlink's bridge

The shift comes after the Kelp DAO exploit drained $292 million from its LayerZero-powered bridge, increasing concerns over the security of cross-chain infrastructure.

Lombard Moves $1B Bitcoin Assets To Chainlink After KelpDAO Exploit

Lombard is moving more than $1 billion in Bitcoin-backed assets from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, marking one of the largest infrastructure shifts since the KelpDAO bridge exploit. The change affects Lombard’s core Bitcoin assets, including LBTC and BTC.b, and puts Chainlink CCIP at the center of the project’s cross-chain stack. The migration follows a security review of the cross-chain infrastructure behind LB…

Lombard Finance Switches to Chainlink CCIP for LBTC and BTC.b

Lombard Finance is replacing LayerZero with Chainlink CCIP for LBTC and BTC.b cross-chain infrastructure. Here is what the switch means.

Chainlink CCIP draws $4b from LayerZero exodus

Lombard has joined a wave of protocols switching to Chainlink CCIP as LayerZero migrations top $4 billion. LayerZero exploit sparks industry-wide migration The shift accelerated after a $292 million exploit drained 116,500 rsETH from Kelp DAO’s LayerZero-powered bridge in April…

Lombard Finance Dumps LayerZero, Will Use Chainlink to Power $1 Billion in Bitcoin Assets

The Bitcoin DeFi protocol is moving its assets away from LayerZero following the Kelp DAO exploit that led to the loss of $292 million.