BitGo Migrates $7.3 Billion WBTC to Chainlink CCIP, Abandoning LayerZero

Aug 4, 2026

On August 4, 2026, digital asset custodian BitGo announced it is migrating its $7.3 billion to $7.7 billion Wrapped Bitcoin (WBTC) cross-chain infrastructure from LayerZero to Chainlink CCIP. The decision follows a $292 million exploit of Kelp DAO's LayerZero-powered bridge in April 2026, which triggered a massive industry exodus. With BitGo's migration, the total value of assets moving to Chainlink CCIP reaches nearly $15 billion. The transition allows BitGo to retain direct control over token contracts and security settings.

WBTC migration to Chainlink CCIP

▪The Wrapped Bitcoin (WBTC) migration to Chainlink CCIP covers between $7.3 billion and $7.7 billion in tokenized assets.
▪BitGo and Chainlink have not disclosed a specific timeline or rollout schedule for completing the Wrapped Bitcoin (WBTC) migration across all supported blockchain networks.
▪BitGo announced on August 4, 2026, that it is replacing LayerZero with Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive cross-chain provider for Wrapped Bitcoin (WBTC).

KelpDAO exploit trigger

▪The Kelp DAO exploit occurred because its rsETH bridge was configured with a 1-of-1 Decentralized Verifier Network (DVN) model operated solely by LayerZero Labs, which attackers compromised via off-chain RPC infrastructure.
▪The industry-wide migration to Chainlink CCIP was triggered by a $292 million exploit of Kelp DAO's LayerZero-powered rsETH bridge on April 18, 2026.

LayerZero exodus scale

▪The addition of BitGo's Wrapped Bitcoin (WBTC) brings the total value of assets migrating from LayerZero to Chainlink CCIP to approximately $14.6 billion.
▪Prior to BitGo's announcement, approximately $7.24 billion in assets had already pledged to migrate from LayerZero to Chainlink CCIP, including projects like Mantle, Lombard, Aave, and Kraken.

BitGo operational control retention

▪Before the Chainlink CCIP migration, BitGo's 2024 LayerZero setup for Avalanche and BNB Chain required approvals from BitGo's own verifier alongside either LayerZero or Polyhedra.
▪Under the new Chainlink Cross-Chain Token (CCT) standard setup, BitGo retains direct ownership and control over Wrapped Bitcoin (WBTC) token contracts, transfer limits, and operational settings.

Chainlink institutional adoption

▪BitGo will standardise all of its future issued digital assets on Chainlink's Cross-Chain Interoperability Protocol (CCIP) by default.
▪Chainlink CCIP secures over $110 billion across cross-chain applications and decentralized finance (DeFi), powering roughly 70% of the global DeFi ecosystem.