Binance adds a withdrawal lock feature to counter physical crypto theft.

Binance is rolling out a withdrawal lock — a setting that lets users freeze outgoing transfers without disabling their account entirely. The feature is a direct response to the rise of so-called wrench attacks, where bad actors physically coerce victims into transferring funds on the spot.

By allowing a lock that can be set in advance, Binance gives users a credible way to stall a forced transfer: even under duress, a locked account buys time. It's a practical, low-friction layer of protection that other major exchanges may be pressured to match.