End-to-end full-duplex speech models feed user audio through an always-on LLM backbone, yet the speaker privacy implications of their hidden representations remain unexamined. Following the VoicePrivacy 2024 protocol with a lazy-informed attacker, we show that the hidden states of SALM-Duplex and Moshi leak substantial speaker identity across all transformer layers. Layer-wise and turn-wise analyses reveal that leakage persists across all layers, with SALM-Duplex showing stronger leakage in early layers while Moshi leaks uniformly, and that Linkability rises sharply within the first few turns. We propose two streaming anonymization setups using Stream-Voice-Anon: a waveform-level front-end (Anon-W2W) and a feature-domain replacement (Anon-W2F). Anon-W2F raises EER by over 3.5x relative to the discrete encoder baseline (11.2% to 41.0%), approaching the 50% random-chance ceiling, while Anon-W2W retains 78-93% of baseline sBERT across setups with sub-second response latency (FRL under 0.8 s).

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