PI Global Investments
Bitcoin

Kraken Migrates kBTC to Chainlink CCIP Amid Cross-Chain Security Prioritization


iconAMBCrypto

Kraken announced a migration of kBTC and future wrapped assets to Chainlink CCIP, citing on-chain news around cross-chain security. The move follows recent security breach concerns in DeFi infrastructure. Kraken’s kBTC ecosystem holds $330 million in DeFi, while Chainlink protects $33 billion in TVL. The shift highlights demand for audited systems but raises questions about dependency on centralized infrastructure.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.

Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.



Source link

Related posts

Hyperscale Data Reports Approximately $111.4 Million of Bitcoin Treasury, Cash, Restricted Cash and Silver Holdings, Including Approximately 900 Bitcoin

D.William

Pumps Hinting at an Altseason Suddenly? – Sanbase

D.William

The Altcoin He Didn’t Sell When It Was Up 100% Was Sold at a Loss Today

D.William

Leave a Comment