Stablecoin Neobank Kontigo Hit By $340K Hack And Promises Full Reimbursement
Hey Digital Banking Fanatic!
Kontigo, a stablecoin-focused neobank serving Latin America, was hit by a security breach that drained more than $340,000 in USDC from customer wallets.
Unauthorized access was detected, systems were isolated, and an investigation is now underway with external cybersecurity specialists. The incident affected just over 1,000 users.
Services are being gradually restored under reinforced monitoring as the company works through the fallout and reviews what went wrong.
Kontigo moved fast to set the record straight. All impacted users will be reimbursed 100 percent, handled case by case under its security protocols.
The episode lands at a tense moment for the sector, with crypto wallets and platforms facing a fresh wave of attacks and renewed scrutiny around security and trust.
If you’re following how Digital Banking and crypto-native finance are being tested, keep scrolling 👇 Tomorrow I'll be back with the next round of updates!
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🇺🇸 Stablecoin neobank Kontigo hit by $340K USDC hack, vows 100% reimbursement. The company stated that it will fully reimburse affected users on a case-by-case basis, following user reports of unauthorized access attempts and coming shortly after Kontigo closed a $20 million seed funding round.
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