Latin American digital bank Kontigo hacked, $340,000 stablecoins stolen, over 1000 users to be compensated

2026-01-06 09:52:15

【BitPush】A digital bank focused on the Latin American market has been hacked. Kontigo announced on X on Monday that the platform detected unauthorized access, affecting some users’ stablecoin funds, with stolen amounts totaling approximately $340,000. The company pledged to compensate all affected users, involving over 1,000 customers.

Founded in 2023 and headquartered in San Francisco, Kontigo mainly operates in cryptocurrency trading and payment settlement in Latin America. The platform is doing well—monthly active users have exceeded 1 million, and total payment transaction volume has surpassed $1 billion. Recently, the company also completed a seed round of financing, raising $20 million from well-known investors including Y Combinator.

According to the event announcement, Kontigo emphasized that “user funds are protected,” and took a firm stance, promising full compensation for losses. However, this security incident still highlights that even platforms with strong funding backgrounds and significant scale need to put more effort into defending against hacker risks. For users, choosing a platform with robust fund security measures is indeed something to be extra cautious about.

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BearMarketBard

· 01-08 16:34

Another stablecoin theft, and this time it's a new project... Even YC backing can't stop hackers. $340,000 is not a small amount, but the key is whether Kontigo can cover the full compensation. It seems these security incidents are happening more and more frequently; we need to quickly check the wallets.

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bridge_anxiety

· 01-08 05:23

Another security incident... Projects backed by Y Combinator can't even withstand it --- 340,000 is just the tip of the iceberg; these things can never be fully hidden --- Fast compensation is the real skill; don't just talk sweet words --- The Latin American market is so competitive, and safety is so poorly managed, how dare they expand? --- Is it really full compensation? Where does the money come from? --- Over 1,000 users were scammed; how long will it take to rebuild that trust? --- After raising 340,000, it's gone—laughable --- This feels just like the tactics before Luna's collapse... --- User funds being protected is a joke, being hacked just shows they weren't protected well --- Whether they can compensate or not is the real issue

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BasementAlchemist

· 01-07 04:13

Another security incident... $340,000 just disappeared like that. Who dares to put their coins on exchanges these days? Compensation is compensation, but once trust is broken, how do you fix it? Kontigo just finished raising money and got hacked. The timing is too perfect, I can't hold it together. Promised to protect user funds, but it still couldn't prevent the breach. I'm tired of hearing this excuse. Raising 20 million with this level of security? As an investor, I would have already lost my temper. Over 1,000 people affected. How embarrassing is that? Why is the Latin American market so easy to be exposed? The promise of compensation is just that— a promise. The key is whether they can actually pay out. We'll see what happens next.

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AirdropHunter9000

· 01-06 10:21

又一个刚融完钱就被黑的...这节奏有点绝啊

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ZkProofPudding

· 01-06 10:20

340,000 USD got hacked? Even after融了20 million, it's still like this, really can't hold it together haha --- Again with unauthorized access, I'm tired of hearing this excuse... --- Compensation is a good thing, but the question is how the attack happened. This needs to be clarified. --- Latin American platforms have stepped on many pits; hopefully this time it won't end in a disaster. --- Over 1,000 users were exploited, and even projects backed by Y Combinator can't withstand it? --- Let's talk about full compensation first, and whether it will be truly fulfilled later. Everyone's learned to be smarter now. --- Monthly active users reach a million, but hackers still can't be stopped. How much of this is just hype? --- Stablecoins are no longer stable. These days, you can't trust anything.

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TideReceder

· 01-06 10:19

Hacker attacks and compensation again, I’m familiar with this routine. I just worry that the compensation process might suddenly stop halfway. Kontigo just raised 20 million and was immediately exploited. The luck is really terrible. In just over a year, the platform has so many security issues. No wonder Latin American users still need to be cautious. $340,000 just disappeared without a trace. This deal was a big loss. Over 1,000 people are probably devastated. Full compensation sounds good, but the real test is whether it can be actually delivered. Let’s see how it unfolds.

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FarmToRiches

· 01-06 10:12

Another one that got hacked, I've heard too many payout promises... Wait, they raised 20 million USD in just over a year since inception? That's a pretty fast pace. $340,000 sounds like a lot, but for 1 million active users... can the payouts really be delivered? Latin American wallets, it looks like they'll be in for a bit more trouble this time.

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RugPullAlarm

· 01-06 10:10

$340,000? Based on a monthly active user base of one million, this loss rate is ridiculously low. Is it really just PR talk? You have to look at on-chain data to believe it.

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HalfIsEmpty

· 01-06 10:02

$340,000 is just a small amount. This loss is a good lesson for someone who raised $20 million. It mainly depends on how the subsequent compensation goes. --- Another exchange has issues... I’ve been saying why not diversify your holdings. Putting all your eggs in one platform is really risky. --- Kontigo sounds a bit unfamiliar. The Latin American market players indeed haven't paid much attention to it. A monthly active user base of 1 million is not small at all. --- Whether they compensate or not is one thing, but the real question is why they got hacked. What about security audits? --- Just after raising money, it was killed. The luck is indeed a bit unlucky, but it's still better than Celsius, which just ran away. --- Remember those Chinese exchanges before, saying that the payout results were delayed for several months? How long can this guy hold on? --- The Latin American market is indeed a big cake, but with such fragile security defenses, wanting to eat the meat is a bit too tender.

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