Kontigo loses $340,000 in stablecoins due to hacker attack, promises full compensation to customers

Latin American digital bank Kontigo announced on Monday via the X platform that approximately $340,905 in stablecoins was stolen due to a hacker attack, and the company will compensate more than 1,000 affected customers. Kontigo emphasized that unauthorized access had been detected, resulting in losses for some users, but all affected amounts will be fully reimbursed by the company. Headquartered in San Francisco, Kontigo focuses on cryptocurrency and payment services in the Latin American region. Since its establishment in 2023, the platform has surpassed 1 million monthly active users, with total payments exceeding $1 billion, and has raised $20 million in seed funding.