On July 12th, Layer2 network Kinto announced in a post on X that it has reached a cooperation with Breach Insurance to provide anti-theft and anti-hacking services for wallets. Breach Insurance provides and manages the insurance coverage of Kinto wallets, and all Kinto wallets with assets over $100 will be automatically covered. For smart contract hacking and cyber attacks, users can get default insurance of $2,500 at no additional cost to users. In addition, users can also use K tokens to increase protection, making it the first token mechanism for K.