After the KelpDAO attack, multiple protocols deprecated LayerZero, with $4 billion in assets already migrated to the Chainlink CCIP.

BlockBeats News, May 16th. Following a $292 million loss due to an attack on KelpDAO, the industry's scrutiny of cross-chain infrastructure security continues to intensify. Around $4 billion in assets have been or are in the process of migrating from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP). The DeFi protocol Lombard is the latest project to join this migration trend. The protocol announced its decision to deprecate LayerZero and migrate over $1 billion worth of Bitcoin-backed assets to Chainlink's CCIP, citing a comprehensive internal security review conducted after the April attack.

Lombard issues two Bitcoin-backed tokens—LBTC and BTC.b—and will prioritize asset migration on chains such as Solana, Etherlink, Berachain, Corn, and TAC, while ceasing the use of LayerZero on Morph and Swell. Lombard stated that the reason for choosing CCIP is its independent node operators, built-in throttling mechanisms, and audited infrastructure. Furthermore, the protocol will adopt Chainlink's cross-chain token standard, facilitating asset interoperability through a burn-and-mint model.

Previously, Kelp DAO, Solv Protocol, Re, and the cryptocurrency exchange Kraken have all completed similar migrations, totaling approximately $40 billion in asset transfers. Johann Eid, Chief Business Officer of Chainlink Labs, stated: "We are witnessing a continued wave of hedging migrations within the industry."