[Kontigo Faces Service Termination by Multiple Institutions Over Venezuela Sanctions Controversy] According to The Wall Street Journal, the crypto fintech company Kontigo, backed by Coinbase Ventures, has come under scrutiny for allegedly facilitating the flow of funds into and out of Venezuela's economic system. Disclosed materials indicate that stablecoins have gradually become an important method for settling Venezuela's oil exports, with some funds flowing through local banks, over-the-counter channels, and licensed crypto trading platforms, including Kontigo. Currently, institutions such as JPMorgan, Stripe, and Bridge have terminated services with Kontigo, and some users have reported restrictions on PayPal payment channels on the platform. Recently, Kontigo also suffered a hacking attack, with a noticeable decline in public on-chain wallet transaction activity. The company is conducting an internal compliance review and emphasizing adherence to U.S. sanctions and related legal requirements.