Chainlink emerges as the unlikely $3B winner of KelpDAO exploit as DeFi projects dump LayerZero
CryptoSlate
DeFi protocols are migrating to Chainlink’s CCIP for enhanced security following a major $292 million exploit involving LayerZero's infrastructure.Summary
Following a $292 million exploit at KelpDAO, decentralized finance (DeFi) protocols managing over $3 billion have migrated to Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The shift highlights a growing industry preference for Chainlink’s standardized security over the highly customizable, yet potentially vulnerable, verification models offered by LayerZero. While LayerZero has apologized for its role in the security oversight and emphasized its continued high volume of transactions, the incident has prompted a broader reassessment of cross-chain infrastructure risks among institutional participants.
(Source：CryptoSlate)