Kraken to Migrate Wrapped Bitcoin Tech to Chainlink as LayerZero Exodus Expands

Kraken is migrating its Wrapped Bitcoin tech to Chainlink, the latest firm to abandon LayerZero following last month's $292 million Kelp DAO exploit, which exposed vulnerabilities in the technology. This shift further expands the LayerZero exodus, potentially impacting its market value and adoption rate in the crypto industry, reflecting growing concerns about security.