Key Takeaways:
- Binance launched ‘Withdraw Protection’ on May 4, offering users a provision to block outgoing transfers for 1–7 days.
- Physical coercion attacks on crypto holders rose 75% in 2025, per Certik.
- France has recorded 47 crypto wrench attacks in 2026 already, with 88 suspects charged, including minors.
How The Feature Works
Withdraw Protection is a user-activated lock that halts all onchain withdrawals from a Binance account for a period between one and seven days. The default window is 48 hours. During that time, account access and trading remain fully available, but only outgoing crypto transfers are blocked.
Users who want the option to cancel early can pre-enable a bypass setting before activating…
