Binance targets real world crypto theft risk with Withdraw Protection feature
Crypto Briefing
Binance has launched a new security feature allowing users to lock on-chain withdrawals to prevent crypto theft under physical duress or coercion.Summary
Binance has introduced a new security feature called Withdraw Protection, designed to protect users from high-risk situations like physical coercion. The tool allows users to lock on-chain withdrawals for a period ranging from one to seven days, with a 48-hour default setting. During this time, crypto assets cannot be moved off the platform, although trading and other account activities remain fully functional. While the feature is strictly enforced by default, users can opt for an early unlock option requiring advanced security verification, such as a security key and authenticator app.
(Source：Crypto Briefing)