Binance to Host May 13 Online Summit, Adds Withdrawal Lock

Binance will host a global virtual event called Binance Online on May 13 at 11:00 AM UTC. The program runs for more than four hours and will feature leaders from institutional finance, blockchain infrastructure and digital-asset markets.

Sessions will include discussion groups, interviews and community segments on infrastructure, tokenized financial products, market development, stablecoins for cross-border payments and the integration of artificial intelligence into financial services. Speakers include executives from crypto-native firms and traditional finance. One session will feature an additional guest whose identity has not been disclosed. Binance confirmed live audience interaction and $10,000 in giveaways distributed across segments.

Proceeds will support education programs. Binance plans to direct $35,000 to the University of Zurich’s Blockchain Center and $15,000 to Geeks Academy in Kyrgyzstan to expand access to blockchain training.

Concurrently, Binance introduced Withdraw Protection, a control in account settings that can block all on-chain withdrawals for a chosen period of one to seven days. The default lock is 48 hours. Once activated, the lockdown prevents transfers, including those initiated by the account holder, and cannot be overridden during the selected window.

Users who want the option to end a lock early can opt into an early-unlock process that requires a security key and an authenticator app and may include an additional confirmation sent to a separate phone number or email. While withdrawals are restricted, accounts can continue to trade, hold assets and manage positions.

Binance described the Withdraw Protection as complementary to existing controls such as multi-factor authentication, withdrawal whitelists, anti-phishing codes and passkeys, and said the feature focuses on scenarios involving in-person pressure to transfer funds.

Data from blockchain analytics firms show a 75% increase in attacks involving physical threats in 2025. French authorities have opened investigations into 88 individuals linked to kidnappings and extortion targeting crypto holders.

Yi He, co‑CEO of Binance, described the event as set to ‘explore industry scaling and develop operational applications.’