Here is how cryptocurrency is handled when it’s stolen or used as ransom.

This will explain what happened when the FBI went after the hackers that hit the Colonial Pipeline.

If you take the time to read the story you will see why cryptocurrency is actually no different than any other form of currency. It is not private unless it is treated a certain way and if it’s treated that way it’s very difficult to use.

Once all of the people that are busy pushing this form of value realize that it’s not a magical store of value like gold or silver it will probably disappear. If it doesn’t disappear it’ll never be any more valuable than the US dollar which is backed by a government that can tax and print currency and is backed by the most powerful military in the world (regardless of what China claims). Cryptocurrency is backed by Blue Sky.

Read this story:

https://nakedsecurity.sophos.com/2021/06/09/how-could-the-fbi-recover-btc-from-colonials-ransomware-payment/