Firelight Adds $30.5 Million of Cover to Kraken USDC Vault
Depositors face a $100,000 cap per address per coverage period, with payouts handled by Sentora rather than guaranteed by Kraken.
AI summary
Firelight has added $30.5 million of insurance coverage to the Kraken USDC vault, with payouts administered by Sentora rather than guaranteed by Kraken itself. Depositors are subject to a $100,000 cap per address per coverage period. The news is a modest risk-mitigation update for Kraken vault users and does not materially affect broader crypto prices or market confidence.
