Lombard joins Chainlink CCIP as LayerZero exodus tops $4b

Lombard's migration to Chainlink CCIP highlights a shift in DeFi trust dynamics, potentially centralizing risk in cross-chain infrastructure. The post Lombard migrates $1B in Bitcoin-backed assets to Chainlink CCIP after $292M exploit shakes LayerZero confidence appeared first on Crypto Briefing.

The Bitcoin DeFi protocol is moving its assets away from LayerZero following the Kelp DAO exploit that led to the loss of $292 million.

The embattled bridging provider has now lost control over more than $4B amid ongoing fallout from last month's KelpDAO exploit.

Lombard migrates over $1B in Bitcoin-backed assets to Chainlink CCIP after reviewing cross chain security. The post Lombard migrates over $1 billion in Bitcoin backed assets to Chainlink CCIP appeared first on Crypto Briefing.

Thorchain suffered an estimated $10 to $11 million exploit on Friday, after attackers used vault churn address poisoning to redirect funds during a routine migration process across multiple blockchains. Thorchain Funds Compromised Onchain investigator ZachXBT first flagged the incident via his Telegram channel, placing initial losses above $7.4 million before revised estimates pushed the total […]

The post Rune tanks 11% after attackers move $10M in THORChain exploit appeared on BitcoinEthereumNews.com. THORChain, one of the leading decentralized cross-chain DEXs, is the latest victim of a major hack across several blockchain platforms. As per the security warnings issued on May 15, 2026, THORChain suffered losses of about $10 million in cryptocurrencies.  The attack targeted the BTC, ETH, BNB Chain, and Base blockchains, with the stolen crypto coins swiftly transferred into certain wallets. So far, the THORChain team has not issued an official comment. Hackers targeting crypto grow bolder Approximately $25 million has been lost to hacks in the crypto space since the start of May. Today’s hack targeted THORChain’s cross-chain liquidity services, enabling unauthorized token withdrawals from pools on the Bitcoin, Ethereum, BNB Chain (formerly BSC), and Base blockchains.  While initial estimates pointed to losses of more than $7.4 million, the latest data from security firm PeckShi

The liquidity protocol halted operations after blockchain researchers identified a suspected $10 million breach across multiple networks.

LayerZero has come under scrutiny since it was exploited in April, as crypto protocols reevaluate their cross-chain providers and seek safer alternatives.