Menu

Search

  |   Business

Menu

  |   Business

Search

Google Add as a preferred source on Google

Chainlink Launches CCIP 2.0 With Enhanced Cross-Chain Security

Chainlink Launches CCIP 2.0 With Enhanced Cross-Chain Security. Source: See page for author, CC0, via Wikimedia Commons

Chainlink has launched Cross-Chain Interoperability Protocol (CCIP) 2.0, upgrading its blockchain communication and bridging infrastructure with new security options designed to make cross-chain token transfers safer and more flexible.

Released Monday, CCIP 2.0 allows companies to add their own verification mechanisms when moving tokens and messages between blockchains. The upgrade arrives five months after the $292 million Kelp DAO exploit, the largest decentralized finance hack of 2026 so far.

Chainlink is widely known for its oracle network, which supplies blockchains with external information such as cryptocurrency and asset prices. CCIP, initially introduced in 2023, expands Chainlink's technology into cross-chain communication.

Because blockchains cannot communicate directly, bridges rely on verifiers to confirm that transactions occurred on one network before assets are released on another. Weak verification systems can create vulnerabilities if attackers successfully submit fraudulent transactions.

Kelp DAO suffered such an attack in April when hackers allegedly associated with North Korea's Lazarus Group drained roughly $292 million in rsETH. The affected bridge used LayerZero technology and relied on a single verifier.

LayerZero argued that Kelp was responsible for choosing the single-verifier configuration, while Kelp said LayerZero personnel had previously reviewed the setup without raising objections. Kelp later announced plans to migrate rsETH to Chainlink.

With CCIP 2.0, organizations can operate their own verifiers or use third-party providers including Infosys and Nethermind. Chainlink's network of 16 independent node operators will continue verifying every transaction regardless of additional security layers selected by users.

The upgrade also changes Chainlink's Risk Management Network. The separate network previously provided an additional independent check on transactions, but it will no longer perform that function. Chainlink says optional verifiers can now provide additional validation.

Existing CCIP users have automatically migrated to CCIP 2.0. Chainlink has not yet identified institutions using the new verifier options, although decentralized finance platforms Aave and Maple have begun adopting other features introduced with the upgrade.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.