Kraken Picks Chainlink CCIP as Sole Cross-Chain System for kBTC

Kraken said Chainlink CCIP will become the sole cross-chain infrastructure for kBTC and future wrapped assets, replacing LayerZero. The exchange cited enterprise-grade security, specifically ISO 27001 and SOC 2 Type 2 certifications, while the move also followed last month’s $292 million exploit involving the Kelp LayerZero bridge. According to the provided information, the incident intensified scrutiny of cross-chain security, drew criticism of LayerZero’s response, and coincided with more than $3 billion in total value locked migrating away from LayerZero. With kBTC’s market capitalization at about $260 million, the decision underscores how security concerns can reshape liquidity flows and infrastructure choices in the wrapped-asset market.

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Kraken Picks Chainlink CCIP as Sole Cross-Chain System for kBTC - CoinPost Terminal