Chainlink Wins $700M Bitcoin Migration From Solv Protocol

TLDR Solv Protocol will migrate $700 million in tokenized bitcoin to Chainlink CCIP for cross-chain transfers. The platform will phase out LayerZero support for SolvBTC and xSolvBTC across multiple blockchain networks. Solv selected Chainlink after reviewing bridge security following recent industry exploits. The decision follows a $292 million exploit involving a LayerZero-powered bridge used by [...]

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