Aren’t there any way to hide your transaction by funneling them through exchange platforms ? Plus, if everything was public an easily traceable to a person the

Aren’t there any way to hide your transaction by funneling them through exchange platforms ? Plus, if everything was public an easily traceable to a person then why are exchange platforms hacked ? You could easily identify the authors of the hack and sue them... i guess there isn’t enough regulation to make tracing the bitcoin a big enough legal threat. Or that tracing to the wallet without being able to identify the owner is useless. Which means it’s still good for other illegal activities.