Kontigo Digital Bank, a digital financial platform heavily focused on the Latin American market, recently officially committed to fully compensate customers for losses following a hacking incident that resulted in many users losing their stablecoins. This news quickly attracted attention from the cryptocurrency community, as security and the protection of digital assets are becoming top concerns globally.
According to international sources, Kontigo confirmed the detection of unauthorized access to its system, resulting in some users having their assets affected. The total value of stablecoins lost is estimated at approximately $340,905, affecting more than 1,000 customers. In a statement posted on the X platform, Kontigo emphasized that user funds remain protected under internal policies and that any losses arising from this incident will be fully compensated by the company.
Discover BingX – a leading trading platform with exclusive privileges for new and VIP users.
A Kontigo representative stated that upon detecting the anomaly, the technical team activated emergency measures to isolate the issue and conducted a system review to prevent further spread. The company also affirmed that the incident does not alter Kontigo's core commitment to protecting users, particularly in emerging markets in Latin America, where stablecoins are increasingly used as a hedge against inflation and currency volatility.
Kontigo is headquartered in San Francisco but its strategic positioning is clearly focused on serving the digital payments and cryptocurrency market in Latin America. Since its founding in 2023, this digital bank has grown rapidly by leveraging the demand for cross-border payments and the use of stablecoins in daily life. According to published data, the platform currently has over 1 million monthly active users, with a cumulative transaction value exceeding $1 billion, demonstrating significant expansion in a short period of operation.
