Kraken moves wrapped-asset cross-chain services to Chainlink CCIP amid LayerZero scrutiny after $292M exploit

Cryptocurrency exchange Kraken confirmed it is migrating its cross‑chain infrastructure to Chainlink’s Cross‑Chain Interoperability Protocol (CCIP), moving all current and future Kraken Wrapped Assets to CCIP and deprecating its existing cross‑chain provider, the exchange said. Kraken stated that Chainlink meets its security and risk‑management requirements ^{[1] [2]}.

The decision follows intensified scrutiny of LayerZero after an April bridge exploit; reports link Kraken’s move to the April 2026 Kelp DAO bridge attack that resulted in roughly $292 million in losses, and note that Kraken is transitioning kBTC wrapped‑Bitcoin infrastructure from LayerZero to Chainlink CCIP ^{[3] [4] [2]}.

Reports characterize Kraken’s change as part of a broader industry shift to Chainlink CCIP: one report says Coinbase previously adopted CCIP for about $7 billion in wrapped assets and that more than $3 billion in TVL has moved from LayerZero to Chainlink platforms ^[2].