PANews
PANews|Aug 05, 2026 02:02
[BitGo Replaces WBTC Cross-Chain Provider LayerZero with Chainlink CCIP, Involving $7.3 Billion Asset Migration] According to CoinDesk, crypto infrastructure company BitGo (BTGO) will replace the exclusive cross-chain provider for wrapped bitcoin (WBTC) from LayerZero to Chainlink, involving the migration of $7.3 billion worth of WBTC. This series of migrations began after Kelp DAO's LayerZero cross-chain bridge suffered a $292 million attack, prompting projects such as Mantle, Kelp, Lombard, Solv Protocol, Virtuals, Re, and Kraken to announce their migration to Chainlink CCIP. The current market value of WBTC is approximately $7.4 billion, and combined with the previously announced migration of $7.24 billion, the total value of cross-chain infrastructure transitioning to CCIP is approximately $14.6 billion.
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