Chainlink
Kraken moves wrapped bitcoin to chainlink after kelp dao exploit
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Kraken announced it is switching its wrapped Bitcoin token kBTC to Chainlink's Cross-Chain Interoperability Protocol. The move follows the KelpDAO exploit that resulted in a $292 million loss and heightened concerns over bridge security in DeFi. The exchange will make CCIP the exclusive cross-chain infrastructure for kBTC and future wrapped assets.
The Depository Trust & Clearing Corporation will use Chainlink technology to power its blockchain-based Collateral AppChain platform. The integration supports 24/7 automated collateral management and is set for a Q4 2026 launch. It builds on prior collaboration between the two firms.
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Solv Protocol is shifting more than $700 million in tokenized Bitcoin from LayerZero to Chainlink's CCIP. The move follows Kelp DAO's similar decision after a major exploit.