Neobank Kontigo Vows Full Reimbursement After $340K USDC Security Breach

Kontigo, a neobank specializing in digital asset services, has suffered a security breach resulting in the loss of $340,000 worth of USDC. Over 1,000 users were affected by the incident, which prompted immediate action from the company. Kontigo has pledged full reimbursement for all losses and is working to restore services while bolstering its security measures.

The breach was contained after unauthorized access was detected, with compromised systems isolated to prevent further exposure. Enhanced monitoring tools have been deployed, and a phased remediation plan is underway. Kontigo emphasized its commitment to customer support, ensuring impacted users receive direct assistance and timely refunds.

This incident highlights growing concerns around the security of stablecoin applications and neobanking platforms. Kontigo's proactive response underscores the critical importance of robust safeguards and transparent crisis management in the rapidly evolving digital finance landscape.