Kinto collaborates with Breach Insurance to launch wallet insurance services, offering theft and hacker attack protection to users. All Kinto wallets with assets exceeding $100 will automatically receive insurance coverage, providing a default insurance of $2500. Additionally, users can enhance the protection level by using K tokens.

TOKEN

Layer2 network Kinto announced a partnership with Breach Insurance to provide anti-theft and anti-hacking services for wallets. Breach Insurance offers and manages insurance coverage for Kinto wallets, with all wallets holding assets over $100 automatically covered. Users can receive default insurance of $2500 against smart contract hacks and network attacks at no additional cost. Additionally, users can use K tokens to enhance protection, making it the first token mechanism for K.

Kinto launches wallet insurance service, supporting the use of K tokens to enhance protection levels