Y Combinator-Backed Kontigo Suffers Second Cyberattack in Days, Pauses Platform Access

The startup Kontigo, backed by Y Combinator and which raised $22 million in 2025, was attacked again and has paused access to its platform, according to a statement posted on its X account. This would be its second cyberattack affecting its services so far in 2026.

According to a statement from Kontigo’s X account, the company claims to have detected a new attempt to compromise its authentication processes for accessing user wallets. They said they contained the situation and activated protection protocols, including temporarily disabling platform access while they rolled out a new update.

In the message, they stated that they would provide an update on the case at 2 PM Caracas time. Before that message, at 10:38 AM Caracas time, one of the co-founders, Camilo Sánchez, reported the new issue affecting Kontigo and assured that “Kontigo will cover any damages that may have occurred.” He also apologized to users for the inconvenience.

A search on X shows that in an earlier report, at 9:27 AM Caracas time, user @InversionesRCI claimed that their account had been drained again, but this time no transaction record remained. After the official statement was issued, multiple user reports appeared about being unable to access their Kontigo accounts.

Second Attack on Kontigo Affecting Its Services in 2026

On Jan. 5, Kontigo reported an attack that resulted in the theft of approximately 340,000 USDC, affecting approximately 1,005 users. The company later announced that it would improve its security measures and reimburse all affected Kontigo users. According to comments on X, the reimbursement was successfully executed, leaving only a few users with support issues unrelated to the hack.

Kontigo’s co-founder, Camilo Sánchez, posted on Jan. 7 on X that they were working to stabilize access to the app and that within 24 to 48 hours, they would publish a technical report with details about the first hack. With this new attack, users are awaiting an update on their impact, and the release of the first report is likely delayed.

Hacks in the cryptocurrency industry are, unfortunately, common. In 2025 alone, there were thefts targeting major exchanges such as Bybit, Nobitex, and Upbit, with total losses exceeding $1 billion. In those cases, the exchanges did not go bankrupt; however, the attacks significantly impacted their operations, and they have continued to operate, much like Kontigo, which is trying to recover despite suffering two successive attacks within days.

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