Kraken to replace LayerZero with Chainlink to bridge assets across blockchains
Key takeaways
- Chainlink's Cross-Chain Interoperability Protocol (CCIP) will become the exclusive cross-chain service for Kraken's wrapped crypto assets including kBTC, its wrapped bitcoin, the crypto exchange said in a statement.
- The move follows similar migrations by platforms including Kelp, Solv and Re.
- Kraken's migration covers various blockchains including Ink, Ethereum, Unichain and Optimism, with others to follow.
Teilen Diesen Artikel teilen Link kopieren X icon X (Twitter)Linked In Facebook E-Mail Kraken to replace Layer Zero with Chainlink to bridge assets across blockchains. The decision sees a total of over $3 billion in total value locked migrating after a $292 million Layer Zero-powered bridge exploit involving Kelp. Von Francisco Rodrigues|Bearbeitet von Sheldon Reback 14. Mai 2026, 3:17 p.m. 2 min readÜbersetzt von KIMake preferred on (Piggy Bank/ Unsplash)What to know: Kraken is replacing Layer Zero with Chainlink CCIP as the exclusive cross-chain infrastructure for kBTC and future wrapped assets.This sees a total of over $3 billion in TVL migrating after a $292 million LayerZero-powered bridge exploit involving Kelp. Rival crypto exchange Coinbase also selected Chainlink CCIP as the sole bridge for about $7 billion in wrapped tokens last year.Kraken said it will replace LayerZero, a protocol for moving crypto assets across blockchains, with Chainlink’s equivalent after the $292 million bridge exploit that hit liquid restaking protocol Kelp last month exposed risks in legacy cross-chain infrastructure.
Chainlink's Cross-Chain Interoperability Protocol (CCIP) will become the exclusive cross-chain service for Kraken's wrapped crypto assets including kBTC, its wrapped bitcoin, the crypto exchange said in a statement.
The move follows similar migrations by platforms including Kelp, Solv and Re. Kelp lost 116,500 rsETH (restaked ether) from a LayerZero-powered bridge in 2026's largest exploit in April. LayerZero later said it “made a mistake” by allowing its own verifier network to secure high-value assets in the configuration used. In total, an estimated $3 billion in total value locked has since migrated.