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Binance opens multi-signer withdrawal verification for all corporate accounts

2024-07-11 20:06:03

ChainCatcher message, according to the official announcement, all company accounts that have successfully completed real-name verification (KYB) on Binance can now access multi-signer withdrawal verification. Given the complexity of roles and permissions within financial institutions, multi-signer verification provides an additional layer of security to protect users from unauthorized actions.

For business accounts that choose to enable multi-signer withdrawal verification, members with the approver role will be required to approve any withdrawal requests within a given time frame to prevent unauthorized withdrawals. We strongly encourage business users to take advantage of this additional security feature to reduce account risk.

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