The Bull Bitcoin exchange, which was recently licensed under the MiCA, is challenging European directives in French courts that set up crowdfunding sites, putting millions of crypto users at risk.
Bull Bitcoin, the world’s oldest Bitcoin-only and non-custodial exchange, recently licensed under MiCA by the French financial markets regulator AMF, has filed a legal challenge before the Conseil d’État, France’s Supreme Administrative Court. The challenge seeks to abolish Law 2025-1276, which is the main part of putting the European law DAC8 into French law, because it creates a large body of analysis and databases that institutions cannot protect. leaks and data hacksultimately putting civilians at risk of kidnapping and physical harm.
Along with the rules, the company is making dac8.com in public: “a complete, comprehensive source for citizens, journalists and policy makers,” according to the press release by Bitcoin Magazine.
In recent years, there has been an alarming rise in hacking and attacks on crypto users, most of which are occurring in Europe, with France being the most vulnerable. Organized crime appears to be taking advantage of the law’s lack of data reporting of law-abiding crypto users who, when paying taxes, disclose their ownership of crypto assets. Since Bitcoin and other cryptocurrencies are immutable and can easily be transferred to other countries, criminals are targeting crypto users. France has the second highest number of crypto users after the USA, which has the largest population, according to Gartha company dedicated to protecting users from this growing threat.
Top figures in the Bitcoin industry and many other cryptocurrencies have been in the spotlight in recent years, such as CEO of Binance France David Prinçay and Ledger co-founder David Ballandwho lost a finger in the incident, among many others. Jameson Lopp, co-founder of Casa, a security firm for Bitcoin and Ethereum wallets, has formed an organization. ‘wrench attack’ data over the years in the GitHub database showing a growing number of shows.
Bull Bitcoin argues in its legal challenge to DAC8 that merging and sharing crypto user data will only further the practice of physical attacks. However, they also argue that these personal security threats created by DAC8 also work against the said claims. They say that users will only find legitimate means of transferring between, well-regulated, choosing to buy the products from the group through peer-to-peer exchanges, home mining or other non-offshore methods, making tax evasion more difficult.
User Data Honey Pots
DAC8 turns the natural incentive a company has to protect user information into a multi-tiered treasure trove with multiple entry points, which cyber security experts have long called a honey pot. Bull Bitcoin suggests that crypto-asset service providers (CASPs) under MiCA, DORA and GDPR are supervised, certified professionals with financial incentives to protect their clients. DAC8, in turn, does the opposite: it moves data into reporting networks that have more access, and the response is harder for users to see. All security – Bull Bitcoin ends – is only as strong as its weakest link.
The history of data protection over the last few decades shows that collecting user data and keeping it for a long time is very difficult. This year, the French National Agency for Secure Credentials (ANTS, also known as France Titres) suffered a major breach on April 15, 2026, revealing information ranging from 11.7-19 million accounts. Other compromised information included login IDs, full names, email addresses, dates of birth, account identifiers, and, in some cases, addresses, places of birth, and phone numbers.
A few months, a The accounts of the French National Bank were seriously compromisedshowing information connected to about 1.2 million accounts. The compromised information included IBANs, account holder names, addresses, and, in some cases, tax identification numbers, although officials said the attacker could not see the bank or conduct transactions.
In the United States, the situation is not so good. The Equifax data breach in 2017 affected 147 million Americans, and the National Public Data Breach of 2024 affected more than 200 million Americans, leading to increased security statistics among other important data. And in 2015, Office of Personnel Management the United States government was also compromised, causing confusion among US government officials. The stolen data included everything from social security numbers to medical records.
The list of such breaches is long, and the only logical point to draw from it is that the less user information ends up in honeypots, the better, because all these hacks put ordinary people at risk of being attacked or hacked. related to theft fraud.
Families Come First
For many things that have been identified by Bull Bitcoin and written on DAC8 pagethe biggest concern would be how even people who haven’t bought crypto can be harmed by the amount of data, family bond is a Bitcoiner or crypto user.
Naming data with CertikBull Bitcoin shows that more than half of the violent incidents recorded in 2026 against crypto owners target a family member – a partner, a child, an elderly parent – as a direct victim or as an enforcer who has the key. On this topic, Bull Bitcoin property that “DAC8 reveals not only those who have crypto-assets, but also their close families: between 40 and 135 million Europeans are falling into a vulnerable position, without any of them admitting it.”
Francis Pouliot, CEO of Bull Bitcoin considers that this intervention in the privacy of the Euroeans can be dangerous for the development of the continent, he did not mention the words in the press statement saying that “DAC8 has changed the concept of Know Your Customer into Kill Your Customer.” He added, “We cannot allow the very foundations of civilization to be undermined by this attack on privacy. We must draw a line in the sand and refuse to give up any part before we have nothing left. Someone has to step up. It seems that no one else is ready and able to do so. Therefore, it falls to BULL to lead the fight.”
The DAC8.com is rich with facts, figures, official sources (EUR-Lex, OECD, Legifrance) and analysis, in French, English and other European languages for those who want to review and work freely.
