2026-01-05 22:22:57

A Latin America-based fintech platform Kontigo has confirmed a security incident that compromised customer stablecoin holdings worth approximately $340,905. The company announced it will reimburse all affected users—numbering over 1,000 accounts—following the breach.

In an official update, Kontigo outlined its response plan and commitment to restoring customer trust. This incident highlights the ongoing security challenges facing emerging fintech players in the region, particularly those handling digital asset custody and stablecoin transactions.

The reimbursement commitment signals the company's responsibility toward its user base, though the incident raises questions about the security infrastructure protecting customer funds in the Latin American crypto banking space. Customers impacted by the hack are advised to secure their accounts and await further instructions from the platform regarding claim procedures.

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NFTBlackHole

· 01-06 21:59

340,000 USD is gone, and it's gone. Anyway, they said they'll compensate, but security issues here in Latin America are indeed worrisome.

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TommyTeacher1

· 01-05 22:53

Another fintech platform has been hacked... Latin America really needs to strengthen security.

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OvertimeSquid

· 01-05 22:53

Another security incident... The platforms here in Latin America really need to be more careful, over 1,000 people affected by this.

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TokenomicsTherapist

· 01-05 22:52

Once again, it's been hacked. This time, it's a Latin American project... Really, if this keeps happening, I won't even dare to try new exchanges anymore.

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GhostChainLoyalist

· 01-05 22:37

Once again, been hacked? The security defenses here in Latin America are really outrageous.

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GigaBrainAnon

· 01-05 22:27

Over 1,000 accounts hacked? That's been a daily occurrence in the Latin American crypto scene for a long time, nothing surprising. --- I'm a bit curious about how Kontigo verifies the identities of those over 1,000 victims. This kind of claim process looks so chaotic that it’s hard to watch. --- 340k may not be particularly large, but it’s not a small amount either. The key issue is that these small platforms really lack security awareness. --- Reimburse all users? Just hear it out. How many can actually get a full refund... --- Latin American fintech is indeed chaotic. The security infrastructure can't keep up with the pace, and now retail investors are the ones losing out. --- Another "we will take responsibility," but who knows when the next vulnerability will appear.

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