Mexico’s Drug Cartels Are Moving Deeper Into Crypto With Hidden Mining Farms: Report

Mexican authorities have seized a suspected cryptocurrency mining operation in the mountains of Puebla, where investigators are examining whether virtual assets generated at the site were used to disguise money connected to illegal activity. The operation in Tlaola, in Puebla’s Sierra Norte region, was carried out jointly by Mexico’s federal attorney general’s office, the Navy and state security authorities. Officers found a pedestal transformer, about 80 medium-voltage terminals, eight satellite internet antennas and nearly 300 specialized computing units operating at the property, the Puebla state government said. Authorities said the property and equipment were placed in government custody while investigators…