Criminals are locked in battle with forensics firms tracking how "Treasure Men", privacy wallets, and gift cards are used to turn virtual hauls into hard cash.
“They will literally leave bundles of cash somewhere for you to pick up,” said Dr Tom Robinson, chief scientist and co-founder of Elliptic, a group that tracks and analyses crypto transactions. “They bury it underground or hide it behind a bush, and they’ll tell you the coordinates. There’s a whole profession.” The Russian-language Hydra offers plenty of other ways for criminals to cash out of cryptocurrencies, including exchanging bitcoin for gift vouchers, prepaid debit cards or iTunes vouchers, for example.
https://www.ft.com/content/4169ea4b-d6d7-4a2e-bc91-480550c2f539