Angola busts two illegal mining farms, seizes 2,000 rigs
- —Angola seized over 2,000 mining rigs and six illegal power installations worth more than $1 million
- —Operation Serengeti III ran from June 29 to August 31 across 21 countries
- —1,462 suspects were arrested; criminal losses exceeded $385 million
- —In Nigeria, $2.4 million was traced, much of it laundered via crypto
Why it matters: A tougher crackdown on illegal mining and crypto laundering raises risks for shadow operators and pushes governments toward stricter energy-use oversight.
Source: TokenPost