Binance is launching a withdrawal lock to help deter crypto wrench attacks

The lock is meant to protect users from being forced into withdrawing their funds, though it's an internal policy and not a cryptographic lock. What to know : Binance launched "Withdraw Protection," a user-controlled lock (1-7 days) on withdrawals to counter "wrench attacks" (physical coercion) in high-risk scenarios. The lock does not shield accounts from law enforcement orders. The feature addresses a major rise in coercion incidents. Binance also advised users to secure API keys from trading bots and manage their online footprint.