Latin American digital bank Kontigo promises to compensate customers for losses from hacker attacks with stablecoins

According to Bloomberg, the digital bank Kontigo, focused on the Latin American market, announced on the X platform on Monday that due to a hacker attack, some customers' stablecoins worth approximately $340,905 were compromised, and the company plans to compensate over 1,000 customers.

Kontigo stated in an earlier post: "We detected unauthorized access, and some users' funds were affected. User funds are protected, and any affected amounts will be compensated by Kontigo." Headquartered in San Francisco, Kontigo focuses on cryptocurrency and payment services in the Latin American region. Since its establishment in 2023, the company has grown rapidly and attracted numerous well-known partners. According to its website, Kontigo currently has over 1 million monthly active users, with a total payment volume exceeding $1 billion.

The company recently raised $20 million in seed funding from investors including Y Combinator.