Binance adds protection against physical threats as problems with crypto wrench attacks persist

Blockchain analytics firm CertiK said this February that attacks using physical threats to steal crypto rose 75% in 2025....
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Binance is launching a withdrawal lock to help deter crypto wrench attacks
Binance launched "Withdraw Protection," a user-controlled feature locking withdrawals for 1-7 days to combat physical coercion attacks on crypto holders. The policy-based lock, unaided by cryptographic measures, cannot be overridden by customer service but doesn't shield accounts from law enforcement. Verified coercion incidents surged 75% in 2025, making this defense increasingly critical for users in high-risk regions.