French Tax Authority Data Leak Exposes Crypto Holders to Physical Risks
A former official of the French tax authority has allegedly accessed and leaked sensitive data on digital asset investors, including residential addresses and capital gains details. This breach potentially exposes high-net-worth individuals to organized crime, including extortion and physical coercion.
The incident highlights security vulnerabilities in centralized financial databases, especially as European nations tighten crypto regulations, such as the DAC8 framework. While no direct physical attacks have been confirmed, law enforcement notes an increase in sophisticated criminal groups targeting crypto holders. This underscores the critical need for robust data security within public institutions.