Kraken switched to Chainlink to protect cross-chain assets after the $292 million hack. Following the $292 million exploit targeting the Kelp protocol via the LayerZero bridge in April 2026, Kraken decided to migrate its entire cross-chain infrastructure to Chainlink CCIP for wrapped assets such as kBTC (a 1:1 guaranteed bitcoin Token issued by Kraken ). In total, over $3 billion in TVL left LayerZero after this incident, including platforms like Kelp, Solv, and Re. Chainlink continues to strengthen its position in the cross-chain space, following Coinbase's earlier selection of CCIP as the sole bridge for approximately $7 billion worth of wrapped assets.