Kontigo: Y Combinator’s Venezuelan Sanctions Evasion Startup

Kontigo: Y Combinator's Venezuelan Sanctions Evasion Startup

Y Combinator-backed fintech startup Kontigo is alleged to have facilitated sanctions evasion for Venezuela's Maduro regime through cryptocurrency operations, with JPMorgan serving as an on-ramp for users of the regime-linked crypto company. The investigation reveals connections between Silicon Valley venture capital, stablecoins, and potential financial crime related to Venezuelan sanctions.