How is bitcoin supposedly almost untraceable?, my understanding is that all bitcoin transactions receive a unique transaction identification code, and are tracked,similar to how wire transfers occur from one bank account to.another.
This is not to say that recovery of the bitcoin ransom is easy to accomplish, if the attackers are in another country or cash out their bitcoin holdings. Just saying that I don’t understand how we are told that bitcoin is untraceable.
Short answer: use a different BTC (Bitcoin) address for every transaction.
Medium answer: a Bitcoin wallet comes with a default “key” (address)...if you do multiple transactions with the one address you start to become “traceable”. Use multiple addresses (or even a new address for each transaction) & change wallets frequently and you are fairly “untraceable”.
Long answer: https://bitcoin.org/en/protect-your-privacy