French Crypto Tax Software Breach Leads to 20+ Kidnappings and Torture Cases

馃敁 When databases become hitlists

By Thorchain
Feb 16, 2026, 4:42 PM
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Between 2025-2026, France experienced over 20 crypto-related kidnappings where victims were tortured and millions stolen.​ The attacks weren't random.​

In January 2026, Waltio, a French crypto tax software, was hacked, exposing 50,000 users' tax reports, holdings, and email addresses.​ A French tax agent was arrested for selling confidential crypto holder data to criminals.​ Lists containing 5,000 French holders appeared on the dark web for $3,000.​

The centralized exchange vulnerability:

  • Users submit passports, selfies, and proof of address
  • Exchanges store this data and report activity to governments
  • Data is shared with partners for compliance
  • Breaches are inevitable

2.​6 billion records leaked globally in 2025, with France hit hardest in Europe.​ Centralized exchange accounts have become target lists containing names, addresses, holdings, and family information.​

Decentralized protocols like THORChain operate without KYC, accounts, or stored identity data.​ The architecture makes it impossible to collect user information, meaning there's no database to breach or leak.​

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