The brief source says Binance is introducing measures against physical threats amid ongoing concerns over crypto wrench attacks, a form of coercion aimed at forcing holders to surrender digital assets.
Binance is adding protections against physical threats, according to the source, as crypto wrench attacks continue to affect the digital asset sector. A wrench attack refers to the use of intimidation, kidnapping, assault, or other real-world coercion to force someone to hand over private keys or transfer cryptocurrency. The source does not specify what measures Binance is implementing, but the move highlights a persistent security issue that differs from online hacks by targeting people directly rather than software or exchanges.