The combined migrations by Solv and Kelp shift nearly $1 billion in assets to Chainlink's CCIP, reflecting an industry "flight to quality." Solv Protocol is moving $700M in tokenized bitcoin (SolvBTC, xSolvBTC) from the LayerZero bridge to Chainlink's CCIP following a security review and recent cross-chain hacks. This follows Kelp DAO's shift after a $292M exploit on its LayerZero bridge. LayerZero and Kelp are blaming each other over the bridge's single-verifier setup. The…
Why this update matters
This developing story is relevant for readers tracking cryptocurrency because it reflects fresh changes from the original source and signals where attention is shifting next.
Key details
The report was collected automatically and prepared for publication with a newsroom workflow that focuses on clarity, search visibility, and quick understanding.
Readers should review the original source for direct statements, official notices, and any later corrections or additions as the story evolves.
Related coverage
Continue reading with more reporting from the same topic cluster.