A clandestine cryptocurrency mine was discovered in Puebla, Mexico, in an area supplied by the Nuevo Necaxa dam. This illegal operation was allegedly linked to Mexican cartels that use cryptocurrency mining as a method to launder money from criminal activities.
Authorities are investigating two main crimes: electricity theft and money laundering. Cryptocurrency mining requires large amounts of electrical energy, and the cartels allegedly took advantage of the local energy infrastructure to operate without paying the associated costs.
Mexican cartels have resorted to increasingly sophisticated methods to launder money, and cryptocurrency mining represents a way to convert illegal funds into digital assets that are difficult to trace. This discovery highlights the growing intersection between organized crime and the world of digital finance in Mexico.
