Happy Friday eve, Opening Bell crew. Senior reporter Phil Rosen here. 

As if the universe knew that I hadn't written a crypto newsletter in some time, here we go: Binance, the world's largest crypto exchange, has been under some scrutiny this week. 

And the reasoning reminds me of what happened in the lead-up to the collapse of Sam Bankman-Fried's FTX, an event many consider the Lehman Brothers of crypto


If this was forwarded to you, sign up here. Download Insider's app here.