Binance launches withdrawal lockdown feature to counter physical coercion attacks.

Binance has introduced a withdrawal lockdown feature allowing users to freeze all on-chain withdrawals from their account for a preset window of one to seven days. The exchange explicitly designed it for situations where users face in-person pressure to move funds — a threat category that digital security tools like phishing filters and seed-phrase protections cannot address.

The move comes as so-called wrench attacks surge: blockchain analytics firm CertiK reported in February that physical-threat crypto theft rose 75% in 2025. French authorities are investigating 88 individuals linked to kidnappings targeting crypto holders, and high-profile cases include the January abduction of Ledger co-founder David Balland and a separate incident in which a family was extorted for over $800,000 at gunpoint.

Users who activate the lockdown can still exit it early using a security key plus…