Here is one example: they could start monitoring the exchanges (which they already do to some extent) and then start getting search warrants, phone taps etc for anyone buying or sell large amounts of BTC. There are roughly 100 people involved in the running of SR, all of which are paid in BTC, if just one gets caught who knows what kind of information they might be able to hand over for a deal with prosecuters.
the whole point of BitCoin and TOR is to make sure that none of it can be traced.