BitGo Migrates $7.7B in WBTC to Chainlink CCIP, Drops LayerZero
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Insights by Echo AI
BitGo has moved $7.7 billion worth of wrapped Bitcoin (WBTC) from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP). This migration makes Chainlink the exclusive cross-chain infrastructure provider for BitGo, pushing the total amount moved post-Kelp bridge hack near $15 billion. BitGo's decision comes after a hack on the Kelp bridge, which led to significant losses.
Source coverage
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7 Sources
BitGo’s WBTC move pushes LayerZero-to-Chainlink tally near $15 billion
💥 BitGo moves $7.7B worth of $WBTC from LayerZero to Chainlink’s CCIP!...
This is a massive win for Chainlink. BitGo ditched LayerZero and is...
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