BitGo migrates $7.3B in wrapped bitcoin from LayerZero to Chainlink CCIP, bringing total announced LayerZero-to-Chainlink migrations to ~$14.6B.
Tech & Launches ·
BitGo is switching its $7.3 billion wrapped bitcoin holdings from LayerZero to Chainlink CCIP for cross-chain operations, according to CoinDesk. The infrastructure provider will adopt Chainlink's Cross-Chain Token standard and deploy CCIP as the default mechanism for any future assets it issues, while maintaining independent control over token contracts, transfer rate limits, and blockchain governance settings. This transition marks another major departure from LayerZero following heightened scrutiny of its bridge design.
The shift brings cumulative announced migrations from LayerZero to Chainlink CCIP to approximately $14.6 billion. The exodus accelerated after a $292 million exploit targeting Kelp DAO's LayerZero-backed bridge in 2025, prompting multiple protocols—among them Mantle, Lombard, Solv Protocol, Virtuals, Re, and Kraken—to announce similar infrastructure swaps. BitGo had originally selected LayerZero in 2024 to expand WBTC across Avalanche and BNB Chain, requiring its own verifier alongside either LayerZero or Polyhedra approval for each transfer.
The completion timeline for the broader WBTC migration remains unspecified. Chainlink's directory already shows CCIP-enabled WBTC pools live on Ethereum and Ronin, but the full transition's scope and schedule have not been disclosed.