BitGo Switches WBTC to Chainlink Amid Industry-Wide Security Concerns

BitGo has switched its Wrapped Bitcoin (WBTC) to Chainlink's CCIP cross-chain standard, joining a broader shift away from LayerZero following the $292 million KelpDAO bridge exploit earlier this year.

The move affects WBTC, an asset with a current market cap of $7.4 billion, and marks a significant milestone in the industry-wide exodus from LayerZero.

According to BitGo CEO Mike Belshe, 'security comes first' at his company, which is why they're adopting Chainlink CCIP as their inter-blockchain solution for all future BitGo-issued assets.