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Finance
Binance Introduces Withdrawal Lock to Combat Crypto Coercion Attacks
Binance has launched a novel feature called 'Withdraw Protection' to counter the growing threat of physical coercion attacks, also known as 'wrench attacks', which have become a significant concern for the crypto industry. This user-controlled withdrawal lock allows users to freeze their accounts for a period of one to seven days, with an optional 'lockdown' mode that prevents early unlocking. Ac…
May 4, 2026, 2 p.m.
Finance
Binance Introduces Withdrawal Lock to Combat Crypto Coercion Attacks
In a bid to protect its users from the growing threat of physical coercion, Binance has launched a novel feature called 'Withdraw Protection', enabling users to voluntarily lock their accounts against on-chain withdrawals for a period of one to seven days. This feature includes a stricter 'lockdown' mode that prevents early unlocking. According to Binance's Chief Security Officer, Jimmy Su, the f…
May 4, 2026, 2 p.m.
Finance
Binance Introduces Withdrawal Lock to Combat Crypto Coercion Attacks
Binance has unveiled a novel security feature, 'Withdraw Protection,' to counter the rising threat of physical coercion attacks on cryptocurrency holders. This feature enables users to lock their accounts against on-chain withdrawals for a period of one to seven days, with an optional 'lockdown' mode that prevents early unlocking. According to Binance's Chief Security Officer, Jimmy Su, the featu…
May 4, 2026, 2 p.m.
Finance
Binance Introduces Withdrawal Lock to Counteract Crypto Coercion
Binance has launched a novel security feature, 'Withdraw Protection', designed to safeguard users against physical coercion and 'wrench attacks'. This feature allows users to lock their accounts for a specified period, ranging from one to seven days, during which time on-chain withdrawals are frozen. A more stringent 'lockdown' mode prevents early unlocking. According to Binance's Chief Security …
May 4, 2026, 2 p.m.
Finance
Binance Introduces Withdrawal Lock to Combat Crypto Theft
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May 4, 2026, 2 p.m.
Finance
Binance Introduces Withdrawal Lock to Counter Crypto Coercion Threats
Binance has announced the launch of a user-controlled withdrawal lock, dubbed 'Withdraw Protection', aimed at mitigating the risks associated with physical coercion of crypto holders. This feature allows users to freeze their accounts for a period of one to seven days, with an optional 'lockdown' mode that prevents early unlocking. According to Binance's Chief Security Officer, Jimmy Su, the feat…
May 4, 2026, 2 p.m.
Finance
Kraken's Parent Company Alleges $25 Million Cryptocurrency Custody Scam
Payward, the parent company of the Kraken cryptocurrency exchange, has filed a lawsuit against its former custody partner, Etana, and its CEO, Dion Brandon Russell, alleging that they misappropriated over $25 million in client funds. According to the complaint, Etana operated a Ponzi-like scheme where custodial assets were mixed with other funds, used for operational expenses and risky investment…
May 4, 2026, 1 p.m.
Finance
Kraken's Parent Company Alleges $25 Million Cryptocurrency Custody Scam in Lawsuit Against Etana
Payward, the parent company of the Kraken cryptocurrency exchange, has filed a lawsuit against its former partner, Etana, and its CEO, Dion Brandon Russell, alleging that they misappropriated over $25 million in client funds. According to the complaint, Etana operated a 'Ponzi-like' scheme, combining custodial assets, using them for operational expenses and risky investments, and then falsely rep…
May 4, 2026, 1 p.m.
Finance
Payward, Parent Company of Kraken, Alleges $25 Million Cryptocurrency Custody Scam in Lawsuit Against Etana and its CEO
None
May 4, 2026, 1 p.m.
Finance
Kraken's Parent Company Alleges $25 Million Cryptocurrency Custody Scam in Lawsuit Against Etana
Payward, the parent company of the cryptocurrency exchange Kraken, has filed a lawsuit against its former custody partner Etana and the company's CEO, Dion Brandon Russell, alleging the misappropriation of over $25 million in client funds. According to the complaint filed in the U.S. District Court in Colorado, Etana operated a 'Ponzi-like' scheme in which it commingled and spent custodial assets…
May 4, 2026, 1 p.m.