Sometimes it’s not about hiding an identity but delaying the tracing and identification via any means necessary (moving the crypto through mixers, less traceabl

Sometimes it’s not about hiding an identity but delaying the tracing and identification via any means necessary (moving the crypto through mixers, less traceable coins, shady exchanges, unsuspecting third parties, etc.) until the whole value is extracted through various methods and fake identities. The identity behind a wallet or account might be worthless. Years ago a common scam in Eastern Europe (maybe everywhere) was to pay old or homeless people a tiny fee to open bank accounts all over the city and then hand over the credentials to the criminals. Then they could operate a network of thousands of such accounts for various purposes, sometimes for reasons as simple as getting a small loan that doesn’t require any collateral and disappearing with the money. This can work as long as they can move around the crypto in an obscure enough way so that it takes just hours or days longer for the authorities to trace than it takes for the criminals to cash out.