Key Takeaways
BitGo is replacing LayerZero with Chainlink CCIP as the exclusive cross-chain provider for wrapped bitcoin, a token with about $7.3 billion in market value.
The move lifts announced LayerZero-to-Chainlink migrations to roughly $14.6 billion, a wave set off by the $292 million exploit of Kelp DAO's LayerZero-powered bridge in April.
Mantle, Kelp, Lombard, Solv Protocol, Virtuals, Re, and Kraken have all announced the same switch since the exploit.
The biggest name yet just joined the exodus. Crypto infrastructure firm BitGo is set to replace LayerZero with Chainlink as the exclusive cross-chain provider for wrapped bitcoin, CoinDesk reported Tuesday, pushing the value covered by announced LayerZero-to-Chainlink migrations to nearly $15 billion.
WBTC is a token that represents bitcoin so it can be used on other blockchains for trading, lending, and collateral, and it carries about $7.3 billion in market value. Moving it between chains requires bridge infrastructure, and that bridge is exactly what failed in April, when Kelp DAO's LayerZero-powered bridge was exploited for $292 million, the year's biggest crypto theft. Since then Mantle, Kelp, Lombard, Solv Protocol, Virtuals, Re, and Kraken have all announced moves to Chainlink's CCIP, a tally that stood at $7.24 billion before BitGo's WBTC roughly doubled it.
BitGo picked LayerZero back in 2024 to spread WBTC across chains. Under the new setup it will standardize deployments on Chainlink's Cross-Chain Token standard, use CCIP by default for future assets, and keep control of its own token contracts, rate limits, and transfer settings. No completion date has been announced.
The week's theme is trust in bitcoin's plumbing. The Coldcard exploit broke faith in cold storage, and the Kelp hack broke it in bridges, the same infrastructure doubt that surfaced when BitMart and BitMEX wound down in July. Fifteen billion dollars voting with its feet is the market's answer.
People Also Ask
Why is BitGo leaving LayerZero for Chainlink?
The move follows the $292 million exploit of Kelp DAO's LayerZero-powered bridge in April 2026, which raised scrutiny of LayerZero bridge configurations. BitGo also keeps control of its token contracts, rate limits, and transfer settings under the CCIP setup.
What is wrapped bitcoin (WBTC)?
WBTC is a token that tracks bitcoin's value and lets it be used in decentralized finance on other blockchains for trading, lending, and collateral. It has a market value of about $7.3 billion.
How much value has migrated from LayerZero to Chainlink?
Announced migrations total roughly $14.6 billion, including BitGo's WBTC plus earlier moves by Mantle, Kelp, Lombard, Solv Protocol, Virtuals, Re, and Kraken.
What is Chainlink CCIP?
CCIP is Chainlink's Cross-Chain Interoperability Protocol, infrastructure that moves tokens and messages between blockchains. BitGo will use it by default for future assets it issues.