theblock.co·May 4, 2026
LMAX Digital is an institutional crypto exchange offering high-level information and live data. Binance has introduced a new security feature that allows users to set a withdrawal lockdown for up to a week to protect against physical coercion attacks, amid a reported 75% increase in such incidents in 2025.
Binance's introduction of a withdrawal lockdown feature to combat "wrench attacks"—physical coercion to access funds—highlights an emerging security trend in crypto exchanges. This development signals an opportunity for fintech and DeFi platforms to differentiate by integrating similar security measures, potentially enhancing user trust and safety in handling digital assets.