Security· ★★★· bearish·

Latam Cartels Tap Crypto for Money Laundering and Mining

  • —Cartels run crypto mining farms to make illicit funds appear legitimate
  • —A network of six fintechs laundered over $5 billion for PCC between 2022 and 2025
  • —Fintech Golden Cat processed more than $50 billion before being dismantled
  • —Investigators found links between cartels and Hezbollah and al-Qaeda
Why it matters: Rising criminal use of crypto in Latin America will increase pressure on regulators and accelerate digital asset freezes.
Source: Bitcoin.com
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