If ChipMixer is indeed a honeypot, then the data they gather wouldn't be used to catch small or even medium-sized criminals. It's about getting a few big fish - the robberies that are in the hundreds of millions. If every $20m or $40m hack was pursued using privileged data, people would catch on pretty fast and the honeypot would become worthless.

May I request that future questions or concerns about the theory be directed to me via DM either here or on Twitter? While I have thought this through carefully and likely have explanations for all of your concerns or rebuttals, I'd prefer not to turn this thread into a back and forth about ChipMixer being a honeypot, because ultimately it's just a theory and it probably shouldn't be discussed at length in their official business thread.