Kinto collaborates with Breach Insurance to launch encrypted wallet insurance services

Kinto will launch a crypto wallet insurance service, wallets with assets over $100 will be automatically covered. According to Foresight News, L2 network Kinto announced a partnership with crypto insurance company Breach Insurance to provide anti-theft and anti-hacking services for user wallets. Breach Insurance will offer and manage the insurance coverage for Kinto wallets, with wallets holding assets over $100 automatically covered. Users can receive default insurance of $2500 against smart contract hacks and network attacks at no extra cost. Users can also use additional K tokens to enhance their protection level.