Changpeng Zhao says Binance users visiting countries with elevated "crypto kidnap" risk may want to lock withdrawals through a new account safety tool.
Changpeng Zhao, widely known as CZ and identified in the source as Binance’s former chief executive, said Binance users may want to use a new Withdraw Protection feature if they are traveling to a country he described as having high "crypto kidnap" risk. The feature is presented as a way to lock an account against withdrawals, adding an extra layer of account security during travel. In crypto markets, withdrawal locks are commonly used to reduce the risk of forced transfers or unauthorized asset movement after an account compromise.