I think that they could transfer it quite easily without being traced. By using unknown wallets and mixers it would be very difficult to locate the funds, and even then it would be hard to tell who owned it, much would likely eventually be mixed with real transactions to.
They could also swap it for XMR and then back to BTC, making any detection virtually impossible.
This is why most of the criminals get caught. They think everything they don't have a clue about is sooo easy.
'...very difficult...' = possible
Did you try to exchange a big number of Bitcoins yet?
How easy do you think would it be to exchange, let's say only 100 BTC of the loot into USD or XMR without revealing your identity? Now imagine you need to exchange 120000 BTC...
Mixing these BTC will cost a fortune and still LE will be able to trace them.
The guys can send it from one address to another and still not be able to spend a Satoshi.