
Kontigo swiftly addressed a January 5 security breach, repaying affected users and securing its systems shortly after closing a $20M seed round led by FoundersX Ventures.
According to Kontigo’s official statement, a security breach on January 5 targeted both management and user accounts, resulting in unauthorized access to customer wallets. By January 6, the Venezuela-focused stablecoin neobank had repaid $340,900 in stablecoins to 1,005 affected users and blocked the vulnerability. The incident occurred just weeks after Kontigo raised $20 million in seed funding led by FoundersX Ventures.