1. Kraken Abandons LayerZero for Chainlink After $292M Kelp DAO Breach Sparks Cross-Chain Exodus
Kraken is moving its wrapped Bitcoin infrastructure away from LayerZero to Chainlink, marking another major defection from the cross-chain protocol following last month's $292 million Kelp DAO exploit. The crypto exchange's migration signals accelerating pressure on LayerZero as security concerns reshape how platforms ...