Multiple outlets report that BitGo is transferring a large amount of Wrapped Bitcoin (WBTC) from the LayerZero interoperability protocol to Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The latest reported transfer is valued at about $7.4 billion, making it the largest single shift mentioned in the ongoing migration. CoinDesk and The Block both link the renewed migration activity to a broader sequence of events that includes a prior bridge incident: a reported $292 million exploit involving the Kelp bridge. Following that event, operators announce and execute additional moves away from LayerZero. Collectively, the reported value of transfers from LayerZero to Chainlink CCIP now stands at roughly $14.5 billion to $15 billion, depending on the specific running total cited by each outlet. Across the coverage, WBTC is identified as the largest asset category being moved in the latest tranche. The reports describe the activity as part of a wider “exodus” or migration wave, but they do not introduce new estimates beyond the announced totals and the most recent BitGo transfer figure.
BitGo moves $7.4B Wrapped Bitcoin to Chainlink, boosting LayerZero migration total near $15B
Multiple outlets report that BitGo is transferring a large amount of Wrapped Bitcoin (WBTC) from the LayerZero interoperability protocol to Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Th...
- BitGo is transferring Wrapped Bitcoin (WBTC) from LayerZero to Chainlink CCIP.
- The most recent reported transfer is about $7.4 billion.
- The total value migrating from LayerZero to Chainlink is cited at roughly $14.5 billion to nearly $15 billion.
- The migration follows activity after a reported $292 million Kelp bridge exploit.
- WBTC is described as the largest asset moved in the latest shift.
The move pushes the total value migrating from LayerZero to Chainlink near $15 billion, with WBTC representing the largest shift yet.
3 hours agoA migration wave followed a $292 million Kelp bridge exploit, with announced LayerZero-to-Chainlink moves now totaling $14.5 billion.
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