finance
Virtuals.io Moves Over $700 Million in VIRTUAL Token to Chainlink CCIP
The platform is shifting more than $700 million worth of its VIRTUAL token from LayerZero to Chainlink's cross-chain protocol. The change follows the $292 million Kelp DAO exploit.
Jun 4, 9:39 AM·1m read1 source
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The move comes amid ongoing effects from the $292 million Kelp DAO exploit.
The platform did not disclose a timeline for completing the transfer. No additional technical specifications were released in the announcement.
Background The Kelp DAO exploit occurred earlier and involved a substantial loss of funds. Virtuals.io has not stated whether the migration is directly connected to that incident.
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CorroborationModerate · 1 source
