BitGo moves $7.4 billion Wrapped Bitcoins to Chainlink CCIP in latest LayerZero exodus

BitGo is moving its $7.4 billion Wrapped Bitcoin (WBTC) from LayerZero to Chainlink’s CCIP, making CCIP the exclusive cross-chain standard for WBTC and future BitGo-issued assets. The shift is part of a broader industry migration away from LayerZero after security concerns, including the $292 million KelpDAO bridge exploit. The article says nearly $15 billion in total value has now pledged to move from LayerZero to Chainlink, reinforcing Chainlink’s position in institutional-grade interoperability. For crypto markets, the news is bullish for Chainlink infrastructure adoption and potentially for confidence in wrapped asset bridging, while highlighting ongoing security-driven reallocation across DeFi infrastructure providers. WBTC remains the largest wrapped bitcoin token and a major part of the wrapped BTC market, so the transition is notable for Bitcoin-on-Ethereum liquidity and cross-chain settlement.