Latin American digital bank Kontigo has announced plans to compensate customers following a security breach that resulted in the theft of approximately $340,905 worth of stablecoins. The company confirmed the incident on its X platform, stating that over 1,000 customers were affected by the unauthorized access. Kontigo assured users that their funds are protected and promised full compensation for any losses incurred. Kontigo, headquartered in San Francisco, focuses on cryptocurrency and payment services in Latin America. Since its inception in 2023, the bank has rapidly expanded, boasting over 1 million monthly active users and a total platform payment volume exceeding $1 billion. The company recently secured $20 million in seed funding from investors, including Y Combinator.