Cartel-Backed Crypto Farm Discovered in Mexican Mountains
A hidden cryptocurrency farm in Mexico's mountains has raised concerns about cartel funding. The farm, discovered by police, is suspected of mining virtual coins to launder illicit funds.
The operation used hundreds of specialized computing units and vast amounts of electricity, drawing attention from authorities due to its unusual size and energy consumption.
Mexico's fight against organized crime has extended beyond drug trafficking and extortion into the realm of financial crime, with crypto mining becoming a new frontier. Authorities have discovered four such operations in the area since last year, indicating a possible link between cartels and cryptocurrency.