Solv Protocol ditches LayerZero for Chainlink CCIP to secure $700M in tokenized bitcoin!

Solv Protocol is migrating its cross-chain infrastructure from LayerZero to Chainlink's CCIP, covering over $700 million in tokenized bitcoin assets including SolvBTC and xSolvBTC across Corn, Berachain, Rootstock, and TAC. The team cited CCIP's "secure-by-default architecture, native risk controls, and proactive monitoring" as the decisive factors, calling it the gold standard for decentralized interoperability.

The move comes in the wake of the $292 million exploit on LayerZero-powered Kelp DAO last month, where attackers — suspected to be North Korea's Lazarus Group — exploited a single-verifier OFT bridge configuration to drain 116,500 rsETH. The incident triggered a public dispute between LayerZero and Kelp over responsibility, with Kelp noting that 47% of LayerZero apps run the same vulnerable single-verifier setup.

Kelp DAO has already announced its own migration to Chainlink…