Recently, France exposed a serious case of abuse within the tax system. A female public official working in the tax department is suspected of abusing her authority to illegally access a large amount of personal information. The queried individuals include prison guards, cryptocurrency investors, and even well-known business figures. Even more concerning is that this sensitive information was subsequently provided to organized crime groups for use.



This incident highlights a real issue: what risks do cryptocurrency investors face regarding information security within the traditional financial regulatory system? When insiders in institutions like tax agencies and banks are compromised, our privacy defenses become quite fragile. The suspect is a 32-year-old female staff member who has been under investigation since late June this year.

For those involved in cryptocurrency investing, this case serves as a reflection point. When using traditional financial services to transfer on-chain assets in and out, personal information can be accessed at multiple points. While we cannot completely avoid interactions with traditional systems, we can reduce risks by staying vigilant and using privacy protection tools. This is also why more and more users are paying attention to decentralized identity verification and privacy protection technologies.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
OnchainFortuneTellervip
· 01-09 01:11
Damn, this is exactly why I never trust exchanges and always self-host everything. These internal traitors are worth two, your information is just being handed over. Privacy coins are forever the gods. Systemic risk really can't be stopped; you can only rely on yourself. The French tax department's issue is right here, and it's not the first time. Once information leaks out, it's over; KYC is just a handle. So the anonymity of blockchain is really not given for free. How many years should this woman be sentenced to for selling people's information to the mafia? My on-chain assets are the safest haven.
View OriginalReply0
EyeOfTheTokenStormvip
· 01-09 01:10
According to my quantitative analysis, the systemic risk of this privacy crisis has already broken through the technical defenses and is entering a stage of structural failure. This case from the French tax authorities is not an isolated incident but a concentrated exposure of the traditional financial system's fragility during market cycle transitions. From historical data, whenever regulatory agencies encounter such human-made vulnerabilities, the subsequent KYC chain will face a systemic reassessment. The costs of deposits and withdrawals in the crypto space will rise by 15-30% within 3-6 months... However, this actually serves as a bottom signal for our privacy-related project quantitative models. I recommend everyone not to stubbornly hold onto exchange accounts; now is the time to get involved in the decentralized identity verification track. Technical indicators already show a bottoming pattern.
View OriginalReply0
OnchainGossipervip
· 01-09 01:10
Damn, that's why I absolutely refuse to do KYC. Insider threats are unstoppable. --- So decentralization is the way to go. Traditional financial systems are completely rotten. --- It's both insiders and criminal groups; privacy is non-existent. --- What does this incident in France tell us? Institutions can't be trusted, everyone. --- Daring to play like this at 32 years old—really bold. But it also reflects the system's huge vulnerabilities. --- Now I understand why we need to use privacy coins. --- Why is it always about internal personnel? Unpreventable. --- People in the crypto space need to be more cautious. This incident is a strong warning. --- This case is a privacy disaster; banks and tax authorities are just sieves. --- Honestly, completely avoiding traditional systems isn't realistic, but we really need to pay attention.
View OriginalReply0
FlashLoanLarryvip
· 01-09 01:00
ngl this is literally the opportunity cost of fiat on-ramps... told y'all the liquidity depth of traditional rails comes with hidden extraction vectors. insiders weaponizing access = protocol vulnerability we can't patch lol
Reply0
Web3ExplorerLinvip
· 01-09 00:44
hypothesis: the oracle problem just went full wet floor 🚨 inside jobs always hit different than code bugs, ngl
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)