I'm not as heavy on the maths stuff involved in this as other people commenting appear to be.
But the idea makes sense, of course there is still recoverable data in embeddings, that's the point. Though as I constantly find the more you try to squeeze into an n bit vector the more watered down everything gets.
I suppose a latent space could be encrypted/mapped in some way to resolve that, but how many people are exposing their vectors in the first place?