Yes

>>The fallout from the KelpDAO hack is prompting another DeFi protocol to move toward a Chainlink CCIP migration.

The fallout from the KelpDAO hack is prompting another DeFi protocol to move toward a Chainlink CCIP migration.

crypthub

about 2 hours ago

Solv's Move to Chainlink CCIP

Solv Protocol announced a full migration to Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) to secure its $700 million worth of Bitcoin‑linked assets, including SolvBTC and xSolvBTC. The shift entails dropping LayerZero bridging for Corn, Berachain, Rootstock, and TAC. By consolidating on CCIP, Solv aims to streamline its cross‑chain infrastructure.

Security Rationale and Industry Impact

Solv labeled cross‑chain bridges as one of DeFi’s highest‑risk components, prompting a comprehensive review of alternatives before selecting CCIP. The platform expects reduced exposure and standardized security across its wrapped Bitcoin products. Chainlink’s CBO, Johann Eid, highlighted the migration as part of a broader DeFi trend toward higher‑security standards.

LayerZero Breach Accelerates Shift

The migration follows the April 18 exploit of LayerZero‑powered KelpDAO, which lost roughly $292 million after attackers exploited DVN RPC endpoints. KelpDAO blamed LayerZero’s infrastructure rather than a misconfiguration, and subsequently moved its assets to Chainlink CCIP. The breach underscored the systemic risks of vulnerable bridge solutions, reinforcing Solv’s decision.