2026-01-06 10:31:34

Latin America's digital bank Kontigo recently issued a statement on social media, revealing a serious security incident. Hackers gained unauthorized access to breach the platform's defenses, resulting in losses of stablecoins for some customers, involving approximately $340,900, and affecting over 1,000 users.

According to official statements, Kontigo has confirmed that measures to protect user funds have been activated, and the company will bear full compensation responsibility. This platform, focused on cryptocurrency and payment services, is headquartered in San Francisco but primarily targets the Latin American market.

As a relatively young company—founded only in 2023—Kontigo is showing strong growth. The platform has accumulated over 1 million monthly active users, with total payment volume surpassing $1 billion. In a recent seed round financing, the company raised $20 million from top investors including Y Combinator.

Although this security incident has impacted the platform's reputation, Kontigo's quick response and proactive compensation pledge may help regain some user confidence. However, it also serves as a reminder to the entire cryptocurrency industry: security protection must always come first.

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ForkTrooper

· 21h ago

Another $340,000 lost, YC investments are also not working out --- Kontigo's response is okay, proactively compensating is good, just worried about potential issues during subsequent execution --- Over 1,000 users got exploited... Latin American crypto friends are in trouble again this time --- Founded only two years ago and already hacked? Security really needs to be a priority, everyone --- Promised Web3 security... turns out to be the same old story --- Promises of compensation sound good, but the key is to actually follow through

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GateUser-9ad11037

· 01-09 00:11

Another one hacked... Even YC backing can't stop it?

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UncommonNPC

· 01-08 13:51

Another $340,000 vulnerability, Web3 security really needs to be taken seriously --- Kontigo's quick compensation is pretty good, at least they don't shift blame onto users --- Got YC's funding and got hacked in just over a year of establishment, it's a bit embarrassing --- Among over 1000 users affected, I just want to know how they are feeling now --- Can stablecoins still be hacked? Is the tech stack made of paper? --- Anyway, they promised full compensation, so let's wait and see --- That's why I still hodl cold wallets and trust these platforms less --- The projects funded by YC are so poorly secured, it's a bit disappointing

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MerkleMaid

· 01-06 11:01

340,000 USD just to fool around? Latin America is not an easy place to navigate. --- Projects backed by YC also failed, now it really depends on how they make up for it in the follow-up. --- Another hack, another breach—this kind of excuse is getting a bit tired... --- Proactive compensation is a highlight, but over 1,000 users must be feeling pretty upset. --- Just after raising 20 million, got hacked—this luck is really not great. --- I've said it before, if security isn't done well, everything else is pointless. This time, it's a lesson learned. --- The Latin American market is so competitive, they still need to rely on security to create differentiation.

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NFTArchaeologist

· 01-06 10:59

Another one hacked? These days, even YC backing can't save it?

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ChainMaskedRider

· 01-06 10:53

Another one got hacked? These days, running a digital bank is really tough. --- $340,000 just to say sorry and pay up, not bad... but the problem is why keep getting attacked. --- A project backed by Y Combinator actually failed, now Web3 is even harder to sell. --- Users in Latin America must be psychologically scarred, getting hacked every now and then. --- Promising compensation is basic operation, the key is how to prevent a second time.

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ContractExplorer

· 01-06 10:42

Once again, hackers have breached the defenses. It seems that there are no completely secure platforms these days.

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EthMaximalist

· 01-06 10:35

Another hacked platform, where is the promised Web3 security? It was only established for just over a year before being breached, how disappointing... Quick compensation does add points, but the real issue is why the defenses are so fragile. Even YC investments are so careless and confident, no wonder people still don't trust on-chain protocols. The Latin American market is so hot, but security investment can't keep up with business growth? Could this be the growth trap? Over a thousand users affected, the psychological shadow is enough to haunt them. Still, the same old saying, without security, there is no future for Web3.

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