Stablecoin bank Kontigo suffers cybeattack
TL;DR
U.S. neobank Kontigo experienced a cybersecurity breach affecting 1,005 users, resulting in a loss of 340,905.28 USDT. The company has temporarily blocked access and is reimbursing impacted accounts using funds from a $20 million seed round.
Source: Finextra
U.S. neobank Kontigo has suffered a crybersecurity breach that impacted 1,005 users and resulted in the loss of 340,905.28 USDT. The U.S. startup provides stablecoin accounts that enable clients in Latin America to access dollar-denominated holdings through USDC stablecoins. The company has attracted more than one million users in its first 12 months of operation. It said that it is under attack again today and has temporarily blocked access to protect funds. Kontigo says that the crypto attack, which first penetrated its defences last month, required valid, minted authentication tokens (JWTs) issued by its Auth provider. The firm has begun reimbursing all impacted accounts, dipping in to a $20 million seed round in Dec. 2025. Full Story