Cybercriminals are using increasingly sophisticated methods to turn illicitly gained cryptocurrency into cash, a Chainalysis report finds. The report traced $2.8 billion in bitcoin that criminal entities sent through cryptocurrency exchanges. Some exchanges known as “over-the-counter brokers” are being leveraged by cybercriminals to convert cryptocurrency that is paid out in ransomware and other attacks into cash for a fixed fee. These brokers facilitate trade between individual buyers and sellers who don’t want to transact on an open exchange.”]

