Binance has announced the launch of the Withdrawal Whitelisting feature

May 4 (per official sources) — Binance has rolled out a new Withdraw Protection feature that blocks all on-chain withdrawals from user accounts within a preset lockdown window. No one, including the account owner, can withdraw crypto assets during this period. Users can enable the feature in their account settings. When activated, on-chain withdrawal requests are intercepted during the selected window, which can be set for 1 to 7 days (default: 48 hours). By default, Withdraw Protection is set to full lockdown and cannot be terminated early — a design aimed at users wanting to safeguard assets from pressure or coercion. For more flexibility, users can enable "Allow Withdrawal Override." This lets them end the lockdown early using a security key and authenticator app; they may also add an extra step via a confirmation code sent to an alternate phone number or email. Other account functions (trading, holding positions, account access) remain unaffected during the lockdown — only withdrawals are restricted.