{"id":72124,"date":"2026-05-06T09:23:44","date_gmt":"2026-05-06T09:23:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-launches-withdraw-protection-as-crypto-wrench-attacks-rise-75\/"},"modified":"2026-05-06T09:23:44","modified_gmt":"2026-05-06T09:23:44","slug":"binance-launches-withdraw-protection-as-crypto-wrench-attacks-rise-75","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-launches-withdraw-protection-as-crypto-wrench-attacks-rise-75\/","title":{"rendered":"Binance Launches &#8216;Withdraw Protection&#8217; as Crypto Wrench Attacks Rise 75%"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight:400\"> Binance launched \u2018Withdraw Protection\u2019 on May 4, offering users a provision to block outgoing transfers for 1\u20137 days.<\/span><\/li>\n<li><span style=\"font-weight:400\"> Physical coercion attacks on <span>crypto<\/span> holders rose 75% in 2025, per Certik.<\/span><\/li>\n<li><span style=\"font-weight:400\"> France has recorded 47 <span>crypto<\/span> wrench attacks in 2026 already, with 88 suspects charged, including minors.<\/span><\/li>\n<\/ul>\n<h2>How The Feature Works<\/h2>\n<p><span style=\"font-weight:400\">Withdraw Protection is a user-activated lock that halts all onchain withdrawals from a Binance account for a period between one and seven days. The default window is 48 hours. During that time, account access and trading remain fully available, but only outgoing <span>crypto<\/span> transfers are blocked.<\/span><\/p>\n<figure id=\"attachment_812018\" aria-describedby=\"caption-attachment-812018\" style=\"width:742px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-812018\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">Users who want the option to cancel early can pre-enable a bypass setting before activating the lock, but without that setting, no one can move funds off the platform during the active window, including the account holder.<\/span><\/p>\n<p><span style=\"font-weight:400\">One important caveat, however, is that the lock does not shield accounts from law enforcement orders, and since it is enforced by Binance\u2019s systems rather than cryptography, users are trusting the platform\u2019s infrastructure rather than a self-sovereign security mechanism.<\/span><\/p>\n<h2>A Growing Physical Threat<\/h2>\n<p><span style=\"font-weight:400\">The feature arrives as so-called wrench attacks, be it kidnappings, home invasions, or physical coercion incidents designed to force <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> holders into signing transactions on the spot, have reached alarming levels worldwide.<\/span><\/p>\n<p><span style=\"font-weight:400\">Data from security researcher Jameson Lopp\u2019s <\/span><a href=\"https:\/\/hyperionservices.co\/bitcoin-crypto-kidnappings\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">public tracker<\/span><\/a><span style=\"font-weight:400\"> shows 316 kidnap and ransom-style incidents against <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> holders since 2014, with 79 ransom-focused attacks in 2025 alone and at least 27 more already reported in 2026. Physical coercion incidents verified by <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> security firm Certik <a href=\"https:\/\/www.certik.com\/blog\/skynet-wrench-attacks-report\" target=\"_blank\" rel=\"noopener noreferrer\">rose 75%<\/a> in 2025 to 72 confirmed cases. Assault-related incidents rose 250% over the same period.<\/span><\/p>\n<figure id=\"attachment_812021\" aria-describedby=\"caption-attachment-812021\" style=\"width:1100px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-812021 size-full\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/binance-launches-withdraw-protection-as-crypto-wrench-attacks-rise-752_nwmk-1.jpg\" alt=\"\" width=\"1100\" height=\"342\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/binance-launches-withdraw-protection-as-crypto-wrench-attacks-rise-752_nwmk-1-300x93.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/binance-launches-withdraw-protection-as-crypto-wrench-attacks-rise-752_nwmk-1-1024x318.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/binance-launches-withdraw-protection-as-crypto-wrench-attacks-rise-752_nwmk-1-768x239.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/binance-launches-withdraw-protection-as-crypto-wrench-attacks-rise-752_nwmk-1.jpg 1100w\" sizes=\"auto, (max-width: 1100px) 100vw, 1100px\"\/><figcaption id=\"caption-attachment-812021\" class=\"wp-caption-text\">Image source: Certik.com<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">France has <\/span><a href=\"https:\/\/news.bitcoin.com\/france-charges-88-crypto-kidnappings-2026\/\"><span style=\"font-weight:400\">emerged as the global epicenter<\/span><\/a><span style=\"font-weight:400\"> of the crisis, with local authorities having recorded 135 incidents since 2023 (67 in 2025 and 47 already in 2026), averaging one attack every 2.5 days this year. Paris prosecutors have charged 88 people, including minors, in a coordinated crackdown on organized <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> theft rings.<\/span><\/p>\n<p> <!-- --> <\/p>\n<p><span style=\"font-weight:400\">The crisis reached a high-profile moment earlier in 2026 when armed attackers attempted to <a href=\"https:\/\/news.bitcoin.com\/frances-binance-head-targeted-in-latest-wrench-attack\/\">kidnap the CEO of Binance France<\/a>, David Prin\u00e7ey, at his home in Val-de-Marne. He was not present at the time. <\/span><\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/binance-withdraw-protection-crypto-wrench-attacks-2026\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Binance launched \u2018Withdraw Protection\u2019 on May 4, offering users a provision to block outgoing transfers for 1\u20137 days. Physical coercion attacks on crypto holders rose 75% in 2025, per Certik. France has recorded 47 crypto wrench attacks in 2026 already, with 88 suspects charged, including minors. [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72124"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72124"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72125"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}