🔍 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?
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