Lombard is migrating its Bitcoin-backed assets from the LayerZero cross-chain bridge to Chainlink’s Cross-Chain Interoperability Protocol [1].

This move signals a shift in trust among decentralized finance protocols following a major security breach. The migration highlights the ongoing volatility and risk associated with cross-chain bridges, which are critical for moving assets between different blockchains.

The decision follows an exploit in April 2026 [1] that targeted Kelp DAO. That specific attack drained $292 million from a bridge powered by LayerZero [1]. In response to these heightened security concerns, Lombard is shifting its infrastructure to Chainlink's CCIP bridge.

Reports on the scale of the migration vary between sources. CoinDesk reported that $4 billion [1] in assets have switched to the Chainlink bridge. Other reports provide lower estimates, with FinanceFeeds stating $1 billion [2] was migrated, and CryptoBriefing reporting a figure of more than $1 billion [3].

Lombard operates as a decentralized finance protocol that issues tokens backed by Bitcoin. By utilizing the CCIP bridge, the protocol aims to secure the movement of these assets across multiple blockchains while mitigating the risks exposed by the Kelp DAO event.

The exodus from LayerZero reflects a broader trend of protocols seeking more robust security frameworks. As the value of locked assets in these bridges grows, the impact of a single vulnerability can lead to hundreds of millions of dollars in losses.

“Lombard is migrating its Bitcoin-backed assets from the LayerZero cross-chain bridge to Chainlink’s Cross-Chain Interoperability Protocol”

The migration of billions of dollars in assets from LayerZero to Chainlink indicates a crisis of confidence in specific bridge architectures after a high-profile exploit. This shift suggests that DeFi protocols are prioritizing security redundancies and established interoperability standards over existing integrations when faced with systemic vulnerabilities.