The Binance version upgrade on June 12 introduced the features of emergency contacts and heirs.
Every year, over one billion dollars in cryptocurrency assets are inherited by centralized exchanges due to unexpected deaths around the world.
I had previously thought about how my account assets would be transferred if an accident occurred one day; surely they can't just wake me up to scan my face, right?
I didn't expect that the recent Binance update would include the emergency contact feature and the option to submit an inheritance application.