Latin American digital bank Kontigo promises to compensate customers after approximately $340,000 worth of stablecoins were stolen

PANews January 6th News, according to Bloomberg, the digital bank Kontigo, which focuses on the Latin American market, issued a statement on X platform on Monday stating that due to a hacking attack, some customers’ stablecoins valued at approximately $340,905 were damaged. The company plans to compensate more than 1,000 customers. In a previous post, Kontigo stated: “We detected unauthorized access, and some users’ funds were affected. User funds are protected, and any affected amounts will be compensated by Kontigo.” Kontigo is headquartered in San Francisco but focuses on cryptocurrency and payment services in Latin America. Since its establishment in 2023, the company has grown rapidly and attracted many well-known partners. According to its website, Kontigo currently has over 1 million monthly active users, and the platform’s total payment volume exceeds $1 billion. The company recently raised $20 million in seed funding from investors including Y Combinator.