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.
- Entities
- Company: Chainlink
- Company: BitGo
- Company: LayerZero
- Game: Wrapped Bitcoin
- Topic: Blockchain Security
- Topic: Cross-Chain Infrastructure
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