Binance launches emergency contact and inheritance features with the recent update.
Analysts estimate 200,000 Binance users die yearly, with $128M in dormant assets.
CZ advocates industry-wide ‘will functions’ and regulatory support for minor accounts.
Binance has implemented emergency contact and inheritance features in its June 12 platform update, addressing the growing issue of cryptocurrency assets lost due to user deaths. The new functionality allows users to designate emergency contacts who can submit inheritance applications when account holders become unable to access their funds. This provides a structured approach to asset recovery for surviving family members.
Cryptocurrency analyst Cryptobrave highlighted the urgency of this feature, noting that over $1 billion worth of crypto assets are inherited by centralized exchanges annually when users die in accidents. The analyst’s April post identified this as a growing problem requiring immediate industry attention.
这个话题大家平时都不想提，但目前人还不能永生。每个平台都应该有个“遗嘱功能”：不在的时候，自己的资产按照指定的比例分到几个…
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