Lombard Transfers Over $1 Billion in Bitcoin-Backed Assets to Chainlink's CCIP Bridge

Lombard is transferring more than $1 billion in Bitcoin-backed assets from LayerZero to Chainlink's CCIP bridge. According to NS3.AI, this decision comes after an internal security review following an exploit in April. The migration from LayerZero to CCIP now amounts to approximately $4 billion in assets either moved or in the process of being moved.