More than $4B shifts from LayerZero to Chainlink CCIP after KelpDAO exploit

ChainCatcher reported that scrutiny of cross-chain security has intensified following the KelpDAO attack, which led to roughly $2.92 billion in losses. Around $4 billion in assets have either already moved or are currently migrating from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP). DeFi protocol Lombard is the latest to announce a switch. The project said it will stop using LayerZero and transfer more than $1 billion in Bitcoin-backed assets to Chainlink CCIP, citing a broad internal security review launched after the April attack.