According to Odaily, Layer2 network Kinto has announced a partnership with Breach Insurance to provide anti-theft and anti-hacker services for its wallets. Breach Insurance will manage the insurance coverage for Kinto wallets, with all assets exceeding $100 automatically covered.
In the event of cyber attacks or smart contract hacks, users can receive a default insurance of $2500, at no additional cost. Furthermore, users can use K tokens to enhance their protection, making it the first token mechanism for K. This partnership aims to increase the security of Kinto wallets and protect users' assets from potential cyber threats.
