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🔍 KONTIGO UNDER THE RADAR: INVESTIGATION OR TOTAL BLOCK?
In the fintech ecosystem, clarity is vital. Recently, Kontigo has caught the regulatory attention of the U.S., raising doubts about its operability. Here are the objective facts as of February 6, 2026:
1️⃣Is it on the "Blacklist" (SDN List)?
Technically, no. As of today, Kontigo is not listed on the Specially Designated Nationals (SDN) list of the OFAC. However, since February 2, there has been an active federal investigation. The focus: alleged flows of stablecoins linked to crude oil transactions that would violate economic sanctions.
2️⃣The "De-risking" Phenomenon
Although there is no direct sanction, the U.S. financial system has applied a preventive block:
🔹Bank Isolation: Giants like JPMorgan Chase, Stripe, Coinbase, and PayPal have severed ties with the platform.
🔹Suspended Accounts: Since late 2025, the inability to process dollars has left thousands of users in a transactional limbo.
3️⃣Security and Legal Status
Trust has been undermined by additional factors:
🔹Security Incident: In January 2026, a hacking incident resulted in the loss of $340,000 USDC. Although the company promised refunds, the vulnerability was exposed.
🔹Regulatory Limbo: Reports suggest that its key operating licenses in allied jurisdictions have not been renewed this year, complicating its legal defense.
💡 Conclusion for the user
Kontigo is not (yet) a sanctioned entity, but it suffers a de facto operational block by traditional banking. For those operating with crypto assets, this underscores the importance of self-custody and monitoring the regulatory compliance of on/off ramps.
Do you think Kontigo will manage to demonstrate its transparency, or are we facing an irreversible case of regulatory pressure?
#kontigo #stablecoin #BinanceSquare #venezuela
In the fintech ecosystem, clarity is vital. Recently, Kontigo has caught the regulatory attention of the U.S., raising doubts about its operability. Here are the objective facts as of February 6, 2026:
1️⃣Is it on the "Blacklist" (SDN List)?
Technically, no. As of today, Kontigo is not listed on the Specially Designated Nationals (SDN) list of the OFAC. However, since February 2, there has been an active federal investigation. The focus: alleged flows of stablecoins linked to crude oil transactions that would violate economic sanctions.
2️⃣The "De-risking" Phenomenon
Although there is no direct sanction, the U.S. financial system has applied a preventive block:
🔹Bank Isolation: Giants like JPMorgan Chase, Stripe, Coinbase, and PayPal have severed ties with the platform.
🔹Suspended Accounts: Since late 2025, the inability to process dollars has left thousands of users in a transactional limbo.
3️⃣Security and Legal Status
Trust has been undermined by additional factors:
🔹Security Incident: In January 2026, a hacking incident resulted in the loss of $340,000 USDC. Although the company promised refunds, the vulnerability was exposed.
🔹Regulatory Limbo: Reports suggest that its key operating licenses in allied jurisdictions have not been renewed this year, complicating its legal defense.
💡 Conclusion for the user
Kontigo is not (yet) a sanctioned entity, but it suffers a de facto operational block by traditional banking. For those operating with crypto assets, this underscores the importance of self-custody and monitoring the regulatory compliance of on/off ramps.
Do you think Kontigo will manage to demonstrate its transparency, or are we facing an irreversible case of regulatory pressure?
#kontigo #stablecoin #BinanceSquare #venezuela
Someone who has transferred $USDC from @kontigoapp to their Binance account or wallet, please explain to me #kontigo #BinanceVzla
🇻🇪 VENEZUELA | #kontigo allows you to buy BTC in Venezuela with top-ups in bolivars via Pago Móvil, crediting the funds in USDC within the app.
💱 After the top-up, the balance in USDC can be used in investment and savings plans in bitcoin, with goals and projections.
Would you use Kontigo to save in bitcoin (BTC)? 🙄$BTC
💱 After the top-up, the balance in USDC can be used in investment and savings plans in bitcoin, with goals and projections.
Would you use Kontigo to save in bitcoin (BTC)? 🙄$BTC
#kontigo bombita
🇻🇪 VENEZUELA
KONTIGO - DOSSIER PART II
Ah! 🦜
Hahaha "bad vibe", buddy, innocent little thing...🇻🇪💸 Kontigo has just suspended the accounts of Venezuelans in the United States… and yes, dude: your churupos are locked. But behind this story, there is a reality, there is a truth and today I am going to tell you!
Pause.
Breathe.
Because this is NOT a 'technical failure'.
👆This just happened recently and, like everything in Venezuela, it was forgotten (I'm going to explain "the supposed hacking") This is a brutal reminder: in this country, every time you depend on an intermediary… they screw you. 😤🔥.
Ah! 🦜
Hahaha "bad vibe", buddy, innocent little thing...🇻🇪💸 Kontigo has just suspended the accounts of Venezuelans in the United States… and yes, dude: your churupos are locked. But behind this story, there is a reality, there is a truth and today I am going to tell you!
Pause.
Breathe.
Because this is NOT a 'technical failure'.
👆This just happened recently and, like everything in Venezuela, it was forgotten (I'm going to explain "the supposed hacking") This is a brutal reminder: in this country, every time you depend on an intermediary… they screw you. 😤🔥.
🇻🇪 VENEZUELA
KONTIGO - DOSSIER part I
Dear followers, I base myself exclusively on what could be verified with public and official sources and as far as they allowed me...
Not fabricated. Not assumed. Not lying. Not because my aunt Carmen told me, the neighbor Maigualida, uncle José, uncle Ramón... Noooo! I have this beta fresh and investigated 💯 % by me, for 🫵
Declared Legal Identity
Platform name: Kontigo
International operating entity: Kontigo, Inc. (according to public documents)
Dear followers, I base myself exclusively on what could be verified with public and official sources and as far as they allowed me...
Not fabricated. Not assumed. Not lying. Not because my aunt Carmen told me, the neighbor Maigualida, uncle José, uncle Ramón... Noooo! I have this beta fresh and investigated 💯 % by me, for 🫵
Declared Legal Identity
Platform name: Kontigo
International operating entity: Kontigo, Inc. (according to public documents)
JPMorgan Freezes Accounts of Two Stablecoin Startups
According to The Information, JPMorgan has frozen the bank accounts of Latin American stablecoin startups BlindPay and Kontigo. Both companies accessed banking services via Checkbook.
JPMorgan clarified that the action is related to business involving US sanctions on Venezuela and other regions, not the stablecoins themselves.
The move highlights that boundaries between traditional finance and crypto compliance continue to tighten.
#Stablecoins #JPMorgan #CryptoCompliance #BlindPay #Kontigo
According to The Information, JPMorgan has frozen the bank accounts of Latin American stablecoin startups BlindPay and Kontigo. Both companies accessed banking services via Checkbook.
JPMorgan clarified that the action is related to business involving US sanctions on Venezuela and other regions, not the stablecoins themselves.
The move highlights that boundaries between traditional finance and crypto compliance continue to tighten.
#Stablecoins #JPMorgan #CryptoCompliance #BlindPay #Kontigo
🇻🇪 VENEZUELA | #Soytechno Venezuela now allows payments with USDT and USDC in its 22 stores thanks to a new partnership with the fintech #Kontigo . The integration promises fast payments and prices at the 'best market rate'.
🏦 Kontigo reinforces its presence in the country with new banking services and regulatory adjustments, including conversion of dollars to #USDC and purchase of bitcoin via Pago Móvil.
Will you use USDT/USDC for your next purchases in stores? 🙄🤔
🏦 Kontigo reinforces its presence in the country with new banking services and regulatory adjustments, including conversion of dollars to #USDC and purchase of bitcoin via Pago Móvil.
Will you use USDT/USDC for your next purchases in stores? 🙄🤔
#kontigo If your priority is to grow your savings, Kontigo has a clear advantage with its offer of up to 18% APR for staking.
Friends stay alert with the kontigo app I cancel withdrawals in usdt and usdc a serious fintech that works with transfers shouldn't do that #kontigo #venezuela #VenezuelaShock
Stablecoin fintech hack in LatAm: Kontigo refunds more than 1,000 users in record time
📅 January 6 | Latin America
In a crypto ecosystem marked by million-dollar exploits, collapsing protocols, and users who rarely see their funds again, a Latin American fintech decided to take the hardest path: respond immediately, take the hit, and pay the full bill. The weekend started with a security breach and ended with more than a thousand users refunded 100%. But the case of Kontigo goes beyond a simple hack.
📖Kontigo, a fintech startup focused on stablecoin banking for Latin America, confirmed that it managed to refund $340,905 in digital assets to 1,005 affected users following a security breach detected over the weekend. The company reported that the compensation process was completed on January 6, just one day after making the incident public.
The case took an unusual turn when CEO and co-founder Jesús A. Castillo himself revealed that his personal account was also compromised. It was not just a technical attack, but a direct hit to the core of the project. In a public statement, Jesús A. Castillo affirmed that the company assumed full responsibility for what happened and assured that they have already identified those responsible, warning that they will face consequences.
The incident comes at a particularly delicate time for Kontigo. Just weeks before, the company had announced the closing of a $20 million seed round, led by FoundersX Ventures, with the aim of accelerating its expansion and building what its founder describes as “the bank of the future.”
The growth narrative was aggressive. In December, Jesús A. Castillo stated that the company had acquired a property valued at $23 million in Silicon Valley to establish its headquarters and that its goal was to scale annualized revenue from $30 million to $100 million in just 60 days.
Founded less than a year ago and backed by Y Combinator, Kontigo claims to have processed more than $1 billion in payment volume, surpassed 1 million active users, and operates with an extremely small team.
That speed, however, has also brought friction. In parallel to the hack, the company has been embroiled in a controversy related to “de-banking”, after the freezing of accounts linked to a banking intermediary used by the startup was reported, supposedly due to compliance concerns.
Topic Opinion:
In an industry where silence, delay or blaming is often the norm, full and almost immediate reimbursement makes a real difference. That does not erase risk, nor eliminate questions about safety, compliance or sustainability, but it does redefine the standard of responsibility.
💬 Can a fintech grow so quickly without exposing itself to these risks?
Leave your comment...
#Stablecoins #kontigo #DigitalBanking #BTC #CryptoNews $BTC $USDC
In a crypto ecosystem marked by million-dollar exploits, collapsing protocols, and users who rarely see their funds again, a Latin American fintech decided to take the hardest path: respond immediately, take the hit, and pay the full bill. The weekend started with a security breach and ended with more than a thousand users refunded 100%. But the case of Kontigo goes beyond a simple hack.
📖Kontigo, a fintech startup focused on stablecoin banking for Latin America, confirmed that it managed to refund $340,905 in digital assets to 1,005 affected users following a security breach detected over the weekend. The company reported that the compensation process was completed on January 6, just one day after making the incident public.
The case took an unusual turn when CEO and co-founder Jesús A. Castillo himself revealed that his personal account was also compromised. It was not just a technical attack, but a direct hit to the core of the project. In a public statement, Jesús A. Castillo affirmed that the company assumed full responsibility for what happened and assured that they have already identified those responsible, warning that they will face consequences.
The incident comes at a particularly delicate time for Kontigo. Just weeks before, the company had announced the closing of a $20 million seed round, led by FoundersX Ventures, with the aim of accelerating its expansion and building what its founder describes as “the bank of the future.”
The growth narrative was aggressive. In December, Jesús A. Castillo stated that the company had acquired a property valued at $23 million in Silicon Valley to establish its headquarters and that its goal was to scale annualized revenue from $30 million to $100 million in just 60 days.
Founded less than a year ago and backed by Y Combinator, Kontigo claims to have processed more than $1 billion in payment volume, surpassed 1 million active users, and operates with an extremely small team.
That speed, however, has also brought friction. In parallel to the hack, the company has been embroiled in a controversy related to “de-banking”, after the freezing of accounts linked to a banking intermediary used by the startup was reported, supposedly due to compliance concerns.
Topic Opinion:
In an industry where silence, delay or blaming is often the norm, full and almost immediate reimbursement makes a real difference. That does not erase risk, nor eliminate questions about safety, compliance or sustainability, but it does redefine the standard of responsibility.
💬 Can a fintech grow so quickly without exposing itself to these risks?
Leave your comment...
#Stablecoins #kontigo #DigitalBanking #BTC #CryptoNews $BTC $USDC
🇻🇪 VENEZUELA | User Jan Domínguez reported the draining of 95% of his funds in #Kontigo after a hack affecting over a thousand people on Monday, January 5.
⚠️ The victim emphasized that the transaction was not authorized or validated, highlighting a critical failure in the platform's security protocols. 😳😵💫
⚠️ The victim emphasized that the transaction was not authorized or validated, highlighting a critical failure in the platform's security protocols. 😳😵💫
💣 FINTECH BOMBSHELL: The report shaking Kontigo, Coinbase, and Y Combinator 🇻🇪🇺🇸
⚠️ URGENT UPDATE
What seemed like a simple bank freeze has just turned into one of the biggest fintech scandals of 2026.
A new research report published by Fintech Biz Weekly (Jason Mikula) has revealed alarming alleged connections behind the Venezuelan app Kontigo. If you have funds stuck or use P2P, you must read this.
🔍 THE REPORT'S REVELATIONS:
According to the recently published investigation, the Kontigo crisis is not due only to "maintenance" or "hacking," but to much deeper underlying problems:
What seemed like a simple bank freeze has just turned into one of the biggest fintech scandals of 2026.
A new research report published by Fintech Biz Weekly (Jason Mikula) has revealed alarming alleged connections behind the Venezuelan app Kontigo. If you have funds stuck or use P2P, you must read this.
🔍 THE REPORT'S REVELATIONS:
According to the recently published investigation, the Kontigo crisis is not due only to "maintenance" or "hacking," but to much deeper underlying problems:
LATEST NEWS: Kontigo does it again; vulnerability in its system forces operational shutdown
Thanks to the Lord, I didn't put money into this platform
In an incident that once again calls into question the robustness of its technological infrastructure, the financial services platform Kontigo has confirmed a new critical security flaw. Through an official statement issued moments ago, the company admitted to detecting targeted attacks on its authentication processes, designed to impersonate access to users' digital wallets.
Maximum security alert for fund safety
Due to the severity of the breach, the company's security team was forced to implement a total preventive access block, leaving thousands of customers unable to move their funds. Although the company assures that funds remain "protected," the service disruption has triggered a wave of uncertainty among account holders.
This new incident adds to a list of recent technical challenges the platform has faced, raising questions about the long-term stability of its protection protocols. A detailed report on the status of the update and the potential system restoration is expected by 2:00 p.m.
Users are advised to stay alert to official channels and avoid providing sensitive data outside the app once service is restored.
#kontigo #BinanceHODLerBREV $SOL $BTC
Thanks to the Lord, I didn't put money into this platform
In an incident that once again calls into question the robustness of its technological infrastructure, the financial services platform Kontigo has confirmed a new critical security flaw. Through an official statement issued moments ago, the company admitted to detecting targeted attacks on its authentication processes, designed to impersonate access to users' digital wallets.
Maximum security alert for fund safety
Due to the severity of the breach, the company's security team was forced to implement a total preventive access block, leaving thousands of customers unable to move their funds. Although the company assures that funds remain "protected," the service disruption has triggered a wave of uncertainty among account holders.
This new incident adds to a list of recent technical challenges the platform has faced, raising questions about the long-term stability of its protection protocols. A detailed report on the status of the update and the potential system restoration is expected by 2:00 p.m.
Users are advised to stay alert to official channels and avoid providing sensitive data outside the app once service is restored.
#kontigo #BinanceHODLerBREV $SOL $BTC
🚨 ALERT: Kontigo suspends services due to hacking attempt
The Kontigo platform has blocked access for its users after detecting a targeted attack on its authentication systems. They were attempting to impersonate identities to access wallets.
Direct points:
Current status: Platform offline (access disabled).
Funds: The company claims they are safe and that the attack has been contained.
Reason: Vulnerability in the login process.
Action: They are deploying a mandatory security update.
Why is it concerning?
Direct points:
Current status: Platform offline (access disabled).
Funds: The company claims they are safe and that the attack has been contained.
Reason: Vulnerability in the login process.
Action: They are deploying a mandatory security update.
Why is it concerning?
#VENEZUELA 🇻🇪 |📱 The fintech #kontigo plans to launch loans in the stablecoin $USDC of up to 1,000 dollars for its users in Venezuela through its mobile app.
🚀 This initiative aims to provide alternative direct financing options in an environment where traditional bank credit remains limited.
Do you use Kontigo?
🚀 This initiative aims to provide alternative direct financing options in an environment where traditional bank credit remains limited.
Do you use Kontigo?
#kontigo #vzla
The Venezuelan fintech Kontigo shows in the latest update of its app the possible arrival of credits.
Brief response: Yes, the Venezuelan fintech Kontigo has revealed in its latest app update that it plans to introduce a credit system in cryptocurrencies, with amounts that could reach up to 1.000 USDC.
🚀 Kontigo and the arrival of credits in Venezuela
New functionality: The Kontigo mobile app shows in its interface the option for credits, suggesting that it will soon allow users to access loans backed by stablecoins like USDC.
Estimated amount: According to what has been revealed, the credit lines could reach up to 1.000 USDC, a significant figure in the Venezuelan context, where access to banking financing is very limited.
Objective: Kontigo aims to offer immediate liquidity and financing alternatives in a country where traditional credits are scarce and difficult to obtain.
Crypto ecosystem: The fintech already allows the conversion of dollars into USDT through partnerships with local banks like the National Credit Bank (BNC), facilitating the entry and exit of digital currencies.
⚠️ Risks and considerations
Regulatory volatility: The Venezuelan legal framework on cryptocurrency credits is still uncertain.
Dependence on stablecoins: Although USDC and USDT are more stable than other cryptos, they depend on trust in external issuers.
Digital accessibility: Requires users to have access to smartphones and internet connection, which may exclude certain sectors.
In summary, Kontigo is taking a step towards becoming a "crypto super app" in Venezuela, offering not only payments and conversions of digital currencies but now also credits in stablecoins. This could transform access to financing in a country with a very restricted banking system.
Brief response: Yes, the Venezuelan fintech Kontigo has revealed in its latest app update that it plans to introduce a credit system in cryptocurrencies, with amounts that could reach up to 1.000 USDC.
🚀 Kontigo and the arrival of credits in Venezuela
New functionality: The Kontigo mobile app shows in its interface the option for credits, suggesting that it will soon allow users to access loans backed by stablecoins like USDC.
Estimated amount: According to what has been revealed, the credit lines could reach up to 1.000 USDC, a significant figure in the Venezuelan context, where access to banking financing is very limited.
Objective: Kontigo aims to offer immediate liquidity and financing alternatives in a country where traditional credits are scarce and difficult to obtain.
Crypto ecosystem: The fintech already allows the conversion of dollars into USDT through partnerships with local banks like the National Credit Bank (BNC), facilitating the entry and exit of digital currencies.
⚠️ Risks and considerations
Regulatory volatility: The Venezuelan legal framework on cryptocurrency credits is still uncertain.
Dependence on stablecoins: Although USDC and USDT are more stable than other cryptos, they depend on trust in external issuers.
Digital accessibility: Requires users to have access to smartphones and internet connection, which may exclude certain sectors.
In summary, Kontigo is taking a step towards becoming a "crypto super app" in Venezuela, offering not only payments and conversions of digital currencies but now also credits in stablecoins. This could transform access to financing in a country with a very restricted banking system.
🚨 About statements and trust: An analysis of the Kontigo case
In the world of digital finance and crypto, trust is not imposed with statements; it is earned through transparency. Recently, Kontigo issued a statement (attached image) warning about legal actions against those spreading what they call "false information".
However, from a critical and neutral standpoint, this type of corporate response often leaves a bitter taste. Let's analyze why:
🚩 1. "Legal" defense vs. "On-Chain" defense The statement emphasizes "legal actions" and protecting "reputation".
In this ecosystem, when a project is solid, it usually addresses concerns with proof of reserves, public audits, or technical explanations.
Resorting to the threat of litigation has historically been a tactic to silence uncomfortable questions rather than answer them.
🚩 2. "Private and Independent Company"
The text stresses its private nature. While legitimate, in an environment where third-party funds are handled, the shield of "privacy" often clashes with the need for financial clarity.
This leads us to the central question that every user should ask: Who are the ones truly generating the returns? If the structure is opaque, how do we know who is benefiting financially at the end of the chain?
🚩 3. Growth or Damage Control? Attributing criticisms to the company's "growth" is a common argument. But genuine growth is usually accompanied by greater scrutiny, not "unfounded attacks".
⚠️ Conclusion
Beyond this specific case, situations like this remind us of the importance of conducting our own research (DYOR).
Trust is not decreed; it is built day by day with verifiable facts. It is up to each user to assess whether the information provided by a statement is sufficient for their financial peace of mind.
#EducationalContent #analysis #Ciberseguridad #kontigo #BinanceSquare
In the world of digital finance and crypto, trust is not imposed with statements; it is earned through transparency. Recently, Kontigo issued a statement (attached image) warning about legal actions against those spreading what they call "false information".
However, from a critical and neutral standpoint, this type of corporate response often leaves a bitter taste. Let's analyze why:
🚩 1. "Legal" defense vs. "On-Chain" defense The statement emphasizes "legal actions" and protecting "reputation".
In this ecosystem, when a project is solid, it usually addresses concerns with proof of reserves, public audits, or technical explanations.
Resorting to the threat of litigation has historically been a tactic to silence uncomfortable questions rather than answer them.
🚩 2. "Private and Independent Company"
The text stresses its private nature. While legitimate, in an environment where third-party funds are handled, the shield of "privacy" often clashes with the need for financial clarity.
This leads us to the central question that every user should ask: Who are the ones truly generating the returns? If the structure is opaque, how do we know who is benefiting financially at the end of the chain?
🚩 3. Growth or Damage Control? Attributing criticisms to the company's "growth" is a common argument. But genuine growth is usually accompanied by greater scrutiny, not "unfounded attacks".
⚠️ Conclusion
Beyond this specific case, situations like this remind us of the importance of conducting our own research (DYOR).
Trust is not decreed; it is built day by day with verifiable facts. It is up to each user to assess whether the information provided by a statement is sufficient for their financial peace of mind.
#EducationalContent #analysis #Ciberseguridad #kontigo #BinanceSquare
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