Latin America-focused banking startup Kontigo plans to reimburse more than 1,000 customers after a hack that affected some $340,905 worth of their stablecoins, the company said in an X statement on Monday.
“We detected unauthorized access that affected funds of some users,” Kontigo said in an earlier post translated by Bloomberg. “Your funds are protected and any affected amounts will be reimbursed by Kontigo.”
Based in San Francisco, but focused on crypto and payments in Latin America, Kontigo has grown quickly and attracted prominent partners since its founding in 2023.
Its monthly active user count now tops 1 million and ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.