Kraken joins LayerZero exodus as it switches to Chainlink CCIP
CoinTelegraph·
60-second summary
Kraken is switching to Chainlink's Cross-Chain Interoperability Protocol (CCIP) from LayerZero, joining a growing exodus of crypto protocols seeking safer alternatives. LayerZero has faced scrutiny since its April exploit, prompting reevaluation of cross-chain providers. This shift reflects the industry's emphasis on security and reliability, as protocols prioritize trust and stability in their operations.
LayerZero has come under scrutiny since it was exploited in April, as crypto protocols reevaluate their cross-chain providers and seek safer alternatives.