I see no reason why this would not be possible to happen in crypto world.
Money makes the world go round, right?

But I do believe this will not/can not happen with this project

Regardless of all possible regulations, personal data is unfortunately available to everyone...

Well there are some strict regulations (GDPR for example) which should allow people to keep their personal data safe. At least in EU?

so if the platform is doing everything by the book, then there should be no fear for their private data, right? Huh

Well perhaps in theory, unfortunately I'm afraid that data security is impossible to guarantee today.