If hackers or criminals used cryptocurrencies (ex. Bitcoin) in their ransom payments, wouldn't it be immediately traceable if they withdrew from the wallet, converted to USD, and then wired it into their bank account?

Authorities could just match the amount transferred, converted, and wired into a bank account because that's all done by traditional channels. How would this work? Or would criminals just try to pay for everything in crypto?

Submitted March 16, 2019 at 06:11PM