Privacy-focused messaging app Signal has signaled it could exit Canada if forced to comply with the government’s proposed lawful access framework. The legislation, Bill C-22, would require electronic service providers to enable surveillance capabilities and retain user metadata for up to a year, part of a broader effort to aid law enforcement in investigating crimes such as terrorism and child exploitation. In an interview with The Globe and Mail, Signal’s vice president of strategy and global affairs, Udbhav Tiwari, argued that the bill could threaten end-to-end encryption and leave private messaging services vulnerable to cyberattacks. He said Signal would rather pull out of Canada than compromise on the privacy commitments it has made to users. Key takeaways Bill C-22 would compel tech and messaging providers to build surveillance mechanisms and retain certain user metadata for up to a year to assist law enforcement. Signal warns the legislation could undermine encryption and expose...
Kraken has decided to migrate its cross-chain infrastructure from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), designating CCIP as the exclusive cross-chain backbone for Kraken Wrapped Bitcoin (kBTC) and all future wrapped assets. The move places Kraken among a growing group of protocols re-evaluating their cross-chain security posture in the wake of a major DeFi incident earlier this spring. The exchange said the transition to CCIP reflects a preference for what it describes as enterprise-grade security and risk management. Kraken highlighted CCIP’s certifications, secure-by-default design, 16 independent nodes, and native rate limits as core advantages in reducing cross-chain risk for the firm’s wrapped assets. The shift comes amid heightened scrutiny of LayerZero following the Kelp DAO exploit in April, in which roughly $292 million in liquid restaking tokens were siphoned by actors suspected to be linked to North Korea’s Lazarus Group. LayerZero subsequent...