My question is, can't we see where the money is being cashed? I understand getting the money back will be a hassle but the account where the stolen steem money is going to will reveal the thief's account and likely, his/her identity.
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No, the thief sent the money to blocktrades, and it is extremely hard to track the funds to a final location unless the thief was dumb enough to send it straight to his own account.
If he didn't send it straight to his account, then he sent it to a friend's and he hopes his friend will give him the money later? Who ever receives the money, even if they never stole the money, should return it.
they can just send it to an exchange where it is basically impossible to track