Chainlink released Cross-Chain Interoperability Protocol (CCIP) 2.0 on Monday, delivering a major upgrade to its communication and bridging infrastructure that lets different blockchains talk to each other and swap funds.
It lets companies add their own security checks to those transfers, with the launch coming five months after the year’s biggest DeFi hack, blamed on a bridge that relied on just one of those checks.
Chainlink is best known as an oracle network, feeding blockchains outside data such as asset prices that lending and trading apps depend on. CCIP, first launched in 2023, extends into moving tokens and messages between chains.
Blockchains can’t communicate directly, so moving a token from one to another depends on a bridge. The technology relies on verifiers, which confirm that a transaction really happened on the first chain before funds are released on the second. If a verifier is fooled, an attacker can withdraw money that was never deposited.
That is what happened to Kelp DAO in April. Attackers allegedly linked to North Korea’s Lazarus Group drained about $292 million in rsETH from Kelp’s bridge, which ran on LayerZero, after tricking the single verifier the setup relied on.
LayerZero blamed Kelp for using one verifier instead of several, while Kelp said LayerZero staff had reviewed its setup and never objected. CoinGecko data showed nearly half of active LayerZero apps used the same one-verifier arrangement, and Kelp said it would move rsETH to Chainlink.
CCIP 2.0 offers a similar menu of verifiers, which lets companies run their own or hire outside providers such as Infosys and Nethermind. Chainlink’s own network of 16 independent node operators still checks every transfer, regardless of what else a user adds.
Users shouldn’t have to be “cross-chain security infrastructure experts,” the company told CoinDesk.
“Historically, legacy bridges have lost billions due to insecure infrastructure, while in-house builds are slow and expensive,” Johann Eid, Chainlink Labs’ chief business officer, said in a statement.
The upgrade also changes a safeguard Chainlink used to promote heavily; its Risk Management Network, a separate set of nodes that double-checked transactions, no longer plays that role. Chainlink said that kind of independent check can now come from the optional verifiers instead, which suggests a user who adds nothing now relies on one verifier network, where previously there were two.
Existing Chainlink users were automatically moved to the new version. Still, the company has not named any institution using the new verifiers yet, saying only that Aave and Maple have started adopting some of the upgrade’s other features.
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