There shouldn't be any chances for people who actually cheated.
Also transfering doesn't make sense really. Cheater know they'll get banned so they don't really put money into the game.
I would rather suggest Apex sort of adopts Arc Raiders monetization model (not as expensive but there must be money involved) where you have to pay to own the game or there must be a one time fee to make an account. It is really easy to make a new account - unless it is a hardware/IP ban of sort but this also would have repercussions (as actual players might get banned as well) as cheaters would figure out a way to change this.
As someone loves to play Apex, I think geniune players would not mind paying for the accounts. Pay to play + Anti cheat would definitely discourage cheaters as it would be a bad investment for them in the long run. Even a one time $5 fee on the account would significantly decrease the amount of cheaters we have in the game.
No anti cheat is fool proof - tech of any sort is always vulnerable. I think it would save Apex more money if they change the monetization model and people would be more confident to invest in the game as well.
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