Y Combinator-Backed Kontigo Hit by Second Cyberattack, Platform Paused

Kontigo, a startup supported by Y Combinator, experienced its second cyberattack of 2026, leading to a temporary suspension of platform access. The company detected an attempt to compromise authentication processes for user wallets and activated protection protocols.

The attack was announced on Kontigo's X account, with updates promised at 2 PM Caracas time.
Co-founder Camilo Sánchez assured users that damages would be covered and apologized for the inconvenience.
User reports indicated drained accounts without transaction records, leading to multiple complaints about accessing Kontigo accounts.

Previous Attack Details

On January 5, 340,000 USDC were stolen, affecting 1,005 users. Kontigo pledged to enhance security and reimburse affected users.
Reimbursement was largely successful, with only a few unresolved support issues.

Hacks in the crypto industry are frequent. In 2025, major exchanges like Bybit, Nobitex, and Upbit faced significant thefts exceeding $1 billion. These entities continued operations post-attacks, similar to Kontigo's current recovery efforts.