KelpDAO

Kraken moves wrapped bitcoin to chainlink after kelp dao exploit

May 15, 2026 Iniulat ng AI Larawang ginawa ng AI

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.