Lombard migrates $1B in Bitcoin-backed assets to Chainlink CCIP after $292M exploit shakes LayerZero confidence
Lombard Finance, one of the largest Bitcoin-native liquid staking platforms in DeFi, is moving more than $1B in Bitcoin-backed assets off LayerZero’s bridge infrastructure and onto Chainlink’s Cross-Chain Interoperability Protocol. The protocol plans to fully deprecate LayerZero from its cross-chain stack. The migration follows an April 2026 exploit that drained roughly $292M from KelpDAO’s rsETH…
