. Withdrawal Lock Feature — "Wrench Attack" Protection
Binance launched a new "Withdraw Protection" feature that lets users freeze all crypto withdrawals for up to 7 days — even if an attacker has their password or bypasses two-factor authentication. The feature directly targets so-called wrench attacks, where criminals physically threaten holders to force fund transfers. Such attacks surged to 79 recorded incidents in 2025 alone. (Arnold & Porter)
Binance launched a new "Withdraw Protection" feature that lets users freeze all crypto withdrawals for up to 7 days — even if an attacker has their password or bypasses two-factor authentication. The feature directly targets so-called wrench attacks, where criminals physically threaten holders to force fund transfers. Such attacks surged to 79 recorded incidents in 2025 alone. (Arnold & Porter)