Solv Protocol migrates $700 million worth of bitcoin to Chainlink CCIP
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Solv Protocol has migrated Bitcoin tokens worth $700 million from the LayerZero bridge to Chainlink's CCIP due to security audits and recent cross-chain attacks. Kelp DAO also took similar action after its LayerZero bridge suffered a $292 million attack. LayerZero and Kelp have blamed each other for the bridge's single validator setup. The total migration by Solv and Kelp amounts to nearly $1 billion in assets moved to Chainlink CCIP.
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