Infrastructure transfer: BitGo designated Chainlink CCIP as the exclusive cross-chain provider for WBTC, backed by $7.7 billion in value. Technical substitution: Chainlink formally replaces LayerZero as the default architecture for the wrapped token and future digital assets issued by BitGo.
Crypto infrastructure firm Bitgo is replacing Layerzero with Chainlink as the exclusive cross-chain infrastructure provider for wrapped bitcoin (WBTC), marking a major change in how the $7.7 billion token will move across blockchain networks.
BitGo designates Chainlink CCIP as the sole cross-chain infrastructure for WBTC operations.
BitGo WBTC shifts from LayerZero to Chainlink, pushing announced cross-chain migrations to nearly $15 billion in total assets.
BitGo has replaced LayerZero with Chainlink CCIP for $7.3 billion WBTC cross-chain transfers.
BitGo's exclusive use of Chainlink CCIP for WBTC could centralize cross-chain control, impacting DeFi liquidity and security dynamics. BitGo selects Chainlink CCIP as the exclusive interoperability solution for WBTC.
A migration wave followed a $292 million Kelp bridge exploit, with announced LayerZero-to-Chainlink moves now totaling $14.5 billion.
A newly created Ethereum address has accumulated $41.5 million in combined WBTC and ETH positions, already showing an unrealized gain of $3.59 million based on current market prices versus the wallet's entry cost basis.
Bitcoin is the largest pool of value in crypto, but on its own, it cannot touch Ethereum's world of lending, borrowing, and yield. Wrapped Bitcoin is the bridge.
Ekubo Protocol lost about $1.4 million in wrapped bitcoin after attackers exploited an access-control weakness linked to approvals. The incident highlights how authorization paths, token approvals and routing permissions can become critical DeFi attack surfaces even when core market infrastructure remains intact.
Volo Protocol, a liquid staking and BTCFi platform on the Sui blockchain, confirmed a $3.5 million security exploit this week, tied to a compromised vault admin private key. Key Takeaways: Volo Protocol lost $3.5 million from three Sui-based vaults on April 21, 2026, following a compromised admin private key.
USDD has introduced a new WBTC Vault system designed to provide Bitcoin holders with enhanced liquidity options while retaining their underlying asset exposure. This development responds to growing demand for sustainable yield mechanisms as market participants navigate fluctuating returns and continued price uncertainty.