WBTC’s $7.7B move: BitGo drops LayerZero, makes Chainlink CCIP its sole bridge
BitGo is migrating over $7.7 billion of Wrapped Bitcoin (WBTC) to Chainlink's Cross-Chain Interoperability Protocol (CCIP), designating it as its sole cross-chain infrastructure provider. This move signifies a departure from LayerZero, the previous provider, and follows a significant exploit of a LayerZero bridge in April. BitGo cited institutional security requirements as the primary reason for choosing CCIP.
EGamers.io
Original source
This article was reported and published by EGamers.io. feed.gg links to it as part of a story cluster — full text, images and rights remain with the publisher.