As far as I understand the original posting, you can download any file from Dropbox's servers if you know its Dropbox hash, which apparently is a sequence of SHA256 hashes of 4MB blocks.
If you have a sub-4MB sensitive file, and you publish its SHA256, and the Dropbox protocol applies the hash function in the same way as file hashing tools (e.g. doesn't include a tag meaning "this hash is computed particularly for Dropbox deduplication" into the SHA computation), yes, then apparently people can download your file.
However, I rarely see SHA256 checksums along with download links; more SHA1 and MD5.