Lombard Joins Exodus to Chainlink Bridge

Lombard has migrated $4 billion in assets to Chainlink's cross-chain bridge, following a trend of capital moving away from LayerZero. This significant shift is largely attributed to recent security concerns, particularly the Kelp DAO exploit which resulted in a $292 million loss from a LayerZero-powered bridge. The incident has amplified worries about the robustness and safety of existing cross-chain infrastructure, prompting major players like Lombard to seek more secure alternatives.