Kontigo has completed full reimbursements totaling $340,905 to 1,005 users affected by a security breach disclosed over the weekend, closing the incident by Jan. 6.
The company said it moved swiftly to contain the attack, with co-founder and CEO Jesus A. Castillo revealing that his own account was also compromised.
In a public statement, Castillo said Kontigo has identified the attackers and vowed accountability, framing the incident as an attack on both leadership and customers.
The breach comes amid strong growth for the Latin America–focused stablecoin banking startup. In late December, Kontigo announced a $20 million seed funding round led by FoundersX Ventures, aimed at expanding product offerings and market reach.
Kontigo claims to have processed over $1 billion in payment volume and reached $30 million in annualized revenue within its first year. However, its rapid expansion has also drawn scrutiny over banking access and compliance issues, which the company has disputed.
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