Binance Introduces Withdrawal Lock to Combat Crypto Coercion
Binance has launched a user-controlled withdrawal lock, dubbed 'Withdraw Protection', to counter the growing threat of physical coercion against crypto holders. This feature enables users to freeze their accounts for a specified period, ranging from one to seven days, with an optional 'lockdown' mode that prevents early unlocking. According to Binance's Chief Security Officer, Jimmy Su, the excha…