KelpDAO attack sparks wave of protocol migration away from LayerZero

Odaily reports that following the KelpDAO attack resulting in approximately $292 million in losses, industry attention on the security of cross-chain infrastructure continues to intensify. Currently, about $4 billion in assets have completed or are in the process of migrating from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP).

Among them, DeFi protocol Lombard has become the latest project to announce a migration. The protocol stated that it will abandon LayerZero and relocate over $1 billion in Bitcoin-backed assets to Chainlink CCIP.

Lombard stated that this adjustment stems from a comprehensive review of its internal security systems conducted after the April attack. (CoinDesk)