Menace is a new badge for NBA 2K22 and significantly drops the offensive ratings of opponents when you smother them. It is in the defensive category of badges.
This badge reminds me of Defensive Stopper from 2K19 and prior, which is good news for defenders looking to stop opponents on the perimeter. It does seem a bit underwhelming in game, though, as we rarely notice it pop up on the display when guarding ball handlers.
Recommendation: We only really recommend Menace for defensive-minded guards and wings with a lot of defensive badges. Otherwise, your points are better spent elsewhere in the defensive category.