Kraken will replace LayerZero with Chainlink CCIP as its cross-chain infrastructure.

CoinFeed reported on May 14th that, according to CoinDesk, Kraken announced it will replace LayerZero with Chainlink's CCIP cross-chain interoperability protocol as its exclusive cross-chain infrastructure for wrapped assets, covering kBTC and more future wrapped assets. This migration involves over $3 billion in TVL, following a $292 million LayerZero-related cross-chain attack on Kelp in April. Kraken stated that the migration will cover networks such as Ink, Ethereum, Unichain, and Optimism. kBTC launched in 2024 and currently has a market capitalization of approximately $260 million.