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.