8 stories about Layerzero from across the crypto press, curated and summarized daily. Most recent: Sep 28, 2026.
KelpDAO is suing LayerZero and its CEO, claiming the bridge protocol endorsed a risky setup that led to a $292 million exploit in April. The lawsuit highlights ongoing concerns about bridge security in DeFi.
LayerZero has introduced a new trading infrastructure for crypto and tokenized assets, backed by Citadel Securities. The ZRO token surged 20% following the announcement.
BitGo has transferred $7.4 billion in Wrapped Bitcoin (WBTC) from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP). This is the largest migration yet, bringing the total value shifted to nearly $15 billion.
LayerZero and Keeta have partnered to allow tokenized bank deposits to be transferred across Ethereum, Solana, and Base. This collaboration aims to bridge traditional finance with decentralized networks, making cross-chain transactions more accessible.
Over $7.2 billion in assets have moved from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP), with Mantle being the latest to join. Major projects like Kelp and Lombard each brought over $1 billion, while Solv Protocol, Virtuals, Re, and Kraken's tokenized assets have also migrated.
Lombard is the latest project to abandon LayerZero's cross-chain bridge, shifting $4 billion to Chainlink's alternative. This follows a $292 million exploit on LayerZero's Kelp DAO bridge, raising security concerns.
Kraken is abandoning LayerZero's technology for its wrapped Bitcoin service, joining a wave of firms leaving after a $292 million hack. The exchange will now use Chainlink's cross-chain tech instead.
Kraken is moving over $3 billion in assets from LayerZero to Chainlink after a $292 million exploit. This shift follows a security breach on a LayerZero-powered bridge involving the Kelp project.