Lombard is the latest protocol to jump from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), as a wave of migrations has pushed the total value moved off LayerZero above $4 billion. The shift accelerated after a dramatic April 2026 exploit that drained 116,500 rsETH (about $292 million) from Kelp DAO’s LayerZero-powered bridge. LayerZero acknowledged it “made a mistake” by allowing its own verifier network to secure high-value assets in the configuration used, though the team has also denied that the single-verifier setup was formally approved by staff. High-profile migrations followed quickly. Kraken announced it would replace LayerZero with Chainlink CCIP as the exclusive cross-chain infrastructure for kBTC and all future Kraken-wrapped assets, citing enterprise-grade security and Chainlink’s ISO 27001 and SOC 2 Type 2 certifications. Kelp DAO moved its rsETH to CCIP in early May while disputes over responsibility for the hack continued. Other large moves include Solv Protocol’s $700 million migration of tokenized Bitcoin (including SolvBTC and xSolvBTC) to CCIP on May 7, and re.xyz shifting $475 million in TVL—both projects pointed to CCIP’s security model (16 independent validator nodes and built-in rate limits) as decisive. Lombard’s decision adds to the momentum away from LayerZero. Chainlink CCIP touts robust activity and certified security: the protocol has supported more than $28 trillion in cumulative on-chain transaction value and averages about $90 million in weekly token transfers, and is the only oracle platform holding both ISO 27001 and SOC 2 Type 2 certifications. In response to the outflows and the April exploit, LayerZero has removed support for 1-of-1 DVN configurations and said it will move most routes toward stricter 5-of-5 verifier setups. The team also noted that despite the migrations, over $9 billion in bridged assets has continued to move through LayerZero infrastructure since April 19. The string of migrations underscores growing market sensitivity to cross-chain security and the premium projects place on audited, enterprise-grade infrastructure as bridges remain one of the most attack-prone layers in DeFi.
Lombard Joins $4B Exodus from LayerZero to Chainlink CCIP After $292M Hack
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Summary
Lombard has joined a $4B exodus from LayerZero to Chainlink CCIP after a crypto hack drained $292M in April 2026. Kraken, Kelp DAO, Solv Protocol, and re.xyz have also moved assets to CCIP, citing stronger security. Chainlink CCIP has handled over $28T in cumulative value and sees $90M in weekly transfers. LayerZero is now enforcing 5-of-5 verifier setups after removing 1-of-1 DVN configurations. The exchange hack has accelerated trust in certified cross-chain solutions.
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