IE like Crypto AG:
In 2020, it was revealed that the Swiss company, Crypto AG, which provided secure communications services to ~120 governments throughout the 20th century, was secretly ran by the CIA and West German Intelligence. The CIA and later NSA were able to read encrypted communications for many countries such as Saudi Arabia, Iran, Italy, Indonesia, Iraq, Libya, Jordan and South Korea.
It’s not even that Bitcoin is a honeypot, it’s that it isn’t actually private at all, and through good ol detective work a wallet can be connected to a person, as well as their inflows and outflows and what wallets they’re sending or receiving money from.
yeah, the whole point of Bitcoin is literally everyone sees your transaction on there. not very cryptic if you ask me