Kraken Selects Chainlink CCIP as Sole Cross-Chain Provider for kBTC

The core claim — that Kraken replaced LayerZero with Chainlink CCIP — is definitively confirmed by Kraken's own official @krakenfx post (May 14, 2026), Chainlink's official @chainlink confirmation, The Block's reporting, and CryptoNews. The $292 million Kelp DAO bridge exploit as the security trigger is consistently cited across all sources. The minor imprecision in the claim is that Kraken did not itself 'report' its prior setup was linked to the exploit; rather, Kelp DAO blamed LayerZero infrastructure for the April 18 exploit, and Kraken migrated proactively citing general security concerns. Kraken's own kBTC was not exploited. The exploit figure of $292 million is consistent across all sources (some cite $293M or $300M+, but $292M is the most commonly cited figure). Overall the claim accurately captures the key facts of the migration and its security motivation.