Kinto: Will launch cryptocurrency wallet insurance service, wallets with assets over $100 will be automatically covered.

ChainCatcher news, the L2 network Kinto announced on social media that it has partnered with the crypto insurance company Breach Insurance to provide theft and hacking protection services for user wallets.

Breach Insurance will provide and manage the insurance coverage for Kinto wallets, with wallets holding assets over $100 automatically covered. For smart contract hacks and cyber attacks, users can receive a default insurance of $2,500 at no additional cost. Users can also use additional K tokens to enhance their protection level.