Kontigo Reimburses $340K After Hack, Tightens Security

Kontigo reimbursed over $340,000 in USDC to more than 1,000 users after a hack. Withdrawals remain limited as security measures are enhanced. The company is reviewing the breach and improving protections.

Kontigo, a Latin America-based fintech platform, experienced a security breach resulting in the loss of over $340,000 in USDC from more than 1,000 user accounts. The company responded by securing its systems, identifying the hackers, and processing full reimbursements to all affected users. Kontigo emphasized its commitment to user security and trust, assuring that all impacted funds are protected under its reimbursement policy. While the reimbursement process has been completed, users currently face temporary restrictions on withdrawals to external wallets and exchanges as part of enhanced security protocols. Kontigo is working with cybersecurity specialists to review the incident and plans to release a detailed technical explanation of the vulnerability. The company continues to restore services gradually and has pledged to improve its security standards to prevent future incidents. Users are encouraged to contact support for assistance if needed.