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.
ventureburn.comThe 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.
Transparency
Story details
Related Stories
BenzingaAmericans Paid $53 Billion Extra for Fuel Since Iran War Began, Democratic Senator Says
A Democratic senator stated that U.S. households have spent $53 billion more on gas and diesel since the Iran war started. Treasury officials described the added inflation as a short-term blip. A separate congressional committee put the extra cost at $43 billion.
ambcrypto.comCoinbase Launches Pre-IPO Perpetual Futures on SpaceX, Product Unavailable to U.S. Users
Coinbase introduced perpetual futures contracts tied to private companies, beginning with SpaceX. The contracts allow 24/7 price exposure outside the United States and will convert upon IPO completion.
insidermonkey.comCoronado Global Resources Director Resigns as Shareholders Approve 2026 Compensation Plan
Coronado Global Resources Inc. disclosed the resignation of a board member and the results of its annual shareholder vote. The changes trigger mandatory SEC disclosures and reset the board's composition for the company's next fiscal reporting cycle.