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Binance Launches 'Withdraw Protection' as Crypto Wrench Attacks Rise 75%

Summary by Bitcoin.com
Binance has rolled out a new safety feature called ‘Withdraw Protection,’ letting users freeze outgoing transfers from their accounts for up to seven days, a direct response to a global surge in violent physical attacks targeting crypto holders. Key Takeaways: Binance launched ‘Withdraw Protection’ on May 4, offering users a provision to block outgoing transfers […]
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While the various facts involving the sequestration of cryptocurrency holders are increasing, especially in France, the technical response finally adapts to physical violence. With its new feature Withdraw Protection, Binance no longer merely secures data, but seeks to protect directly the integrity of its users in the face of the constraint. The Binance article launches Withdraw Protection: a bulwark against the extortion of cryptocurrency appe…

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Bitcoin.com broke the news on Wednesday, May 6, 2026.
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