Custom Security Validators Added
Chainlink launches CCIP 2.0 allowing institutions to add custom security validators.
Anonymous
Chainlink has launched CCIP 2.0, an upgrade to its cross-chain system for transferring tokens and messages that lets companies add their own or third-party security checks to transfers. Chainlink’s default network of 16 independent node operators will continue to verify every transfer, while customers can add validators and set compliance rules for digital assets, including KYC, anti-money-laundering and sanctions checks. The update comes amid renewed concern about bridge security after attackers drained about $292 million from Kelp DAO’s rsETH bridge in April, in an incident attributed to a setup relying on a single verifier. Chainlink says the added options give institutions more control over security and compliance as they move assets across blockchain networks.
Key Points
1
Chainlink said CCIP had already processed more than $84 billion in cross-chain transactions before the 2.0 upgrade.
2
Existing CCIP users were automatically migrated to CCIP 2.0, but no institutions using the newly available external validators had been publicly identified.
3
The new verifier options include providers such as Infosys and Nethermind, in addition to allowing companies to run their own checks.
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The upgrade changes Chainlink’s earlier safety architecture: its Risk Management Network no longer operates as a separate backstop for transaction review.
5
Reports said attackers allegedly linked to North Korea’s Lazarus Group were responsible for draining about $292 million in rsETH from Kelp DAO’s LayerZero bridge.
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