Former FTX CEO Sam Bankman-Fried arrested on fraud charges
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
New crypto exchange chief points to massive failures under Sam Bankman-Fried ahead of House committee hearing.
DOJ officials want to investigate "allegations of fraud, dishonesty, incompetence, misconduct and mismanagement."
Bankman-Fried, who was once worth $26.5 billion, said he had one working credit card and $100,000 left in a bank account.
Recouped funds are a fraction of the billions of dollars thought to have gone missing from the exchange's coffers.
Some of those assets are believed to have been seized by government officials in Bahamas, where company is based.
Total value of cryptocurrencies has fallen more than $1 trillion this year as investor sentiment sours.
"New technology has made it easier for bad actors to take advantage of innocent victims," said one prosecutor.
Bankruptcy court documents offer a glimpse of just how much the Bahamas-based crypto exchange is in debt.
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
Bankrupt crypto exchange plagued by "complete absence of trustworthy financial information," CEO John Ray III said.
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
"People are going to be waiting on the sidelines for a very long time," said one law professor of the exchange's account holders.
One of the world's most prominent cryptocurrency exchanges suddenly crashed and burned. Here's what happened.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
World's third-largest cryptocurrency exchange spent big on Super Bowl ads and stadium names. Now it's trying to survive.
World's largest crypto exchange abruptly reverses course after having previously agreed to purchase FTX.
The deal, announced via Twitter, would make Binance an even more dominant player in the cryptocurrency industry.
About $718 million in digital assets were taken in October alone, according to blockchain analytics firm Chainalysis.
Former CEO Alex Mashinsky withdrew about $10 million in crypto holdings, then resigned from the company last month.
Kardashian is paying the settlement without admitting to or denying the SEC's findings, the agency said.
Safeguarding your crypto fund boils down to practicing strong cybersecurity habits. Here's what not to do
Bill that would require crypto traders, brokers and other industry players to register with the government.
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
A former worker at the trading firm told his brother and a friend about cryptocurrencies it planned to offer, SEC alleges.
Some school districts are turning to technology like artificial intelligence to help tackle major bus driver shortages. A school district in Colorado shows how their system could become a model nationwide.
A severe school bus driver shortage has left many students without reliable transportation but a district in Colorado Springs has found a high-tech solution.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Advocates say the technology, including facial recognition, will lead to improved security and efficiency, but some remain concerned about privacy.
New technology is transforming the way travelers pass through airports. Biometrics, including facial recognition are becoming more common. A push in Congress to restrict the TSA's use of biometrics failed earlier this month.
ZDNet Editor-in-Chief Jason Hiner explains best practices for setup and success of smart home security systems.
Dr. Sue Varma joins "CBS Mornings" to share her guidance on what the signs of tech addiction are, what parents should look out for with their kids, how tech addiction can be treated and how we can all maintain healthy boundaries with technology.
New legislation could hold people accountable who share non-consensual deepfake porn images online.
Artificial intelligence can create fake images and videos of real people, including so-called deepfake porn. Congress is now considering a bill to make it illegal to share those images, exposing those who post deepfake porn to jail time and a hefty fine. There were more than 21,000 deepfake porn videos online last year.
The Cook County Sheriff's Office aims to put mental health workers in the field virtually as cities grapple with alternative police responses.
The prosecution is delivering its closing argument in former President Donald Trump's "hush money" trial in a New York court.
Storms with damaging winds and baseball-sized hail have pummeled Texas again.
"Everyone is taking a hit with these storms," Oklahoma insurance official says of the mounting financial toll from extreme weather.
The pilot was able to exit the plane and was taken to a hospital with serious injuries, a local fire department official said.
"Everyone is taking a hit with these storms," Oklahoma insurance official says of the mounting financial toll from extreme weather.
Most employers give a company match for people who sock money into their 401(k)s. But that "free money" may be doled out unfairly.
Employees who constantly emphasize how stressed out they are at work are shooting themselves in the foot, study suggests.
Amtrak said trains traveling between Boston and Washington, D.C., could face delays because of the heat this summer.
Participants in the anti-consumption movement talk it up as a away to shed debt and protect the planet.
The prosecution is delivering its closing argument in former President Donald Trump's "hush money" trial in a New York court.
U.S. NATO allies are preparing for the changing political realities that a Trump presidency could bring.
Three people were shot to death in a small South Dakota town, and a former law officer who once served as the town's mayor is charged in the killings.
The decision could complicate prosecutors' case against New Jersey Sen. Bob Menendez as it relates to Egypt and military aid.
The Democratic National Committee wants to nominate President Biden and Vice President Harris virtually before the scheduled convention to ensure meeting Ohio's Aug. 7 ballot certification deadline.
How do American sunscreens stack up against others around the world? A 1938 law may be blocking your best options for skin cancer protection.
Candy is not great for your teeth, but experts say there are three other types of foods and drinks to be mindful about for better oral health.
Drugs such as LSD, ketamine, mushrooms and MDMA can be powerful treatments for severe depression and PTSD, mounting evidence suggests — but not everyone is convinced.
Spencer Wright's son, Levi Wright, has shown some progress since he was found unconscious in a river, his mother said.
Bird flu has been confirmed in dairy cattle herds in nine states, has been found in milk and has prompted the slaughter of millions of chickens and turkeys.
U.S. NATO allies are preparing for the changing political realities that a Trump presidency could bring.
Tyler Wenrich was facing a potential mandatory minimum sentence of 12 years in prison in the Turks and Caicos Islands.
Pope Francis' office issued a statement on Tuesday responding to reports that the pontiff had used a homophobic slur in a closed-door meeting with bishops.
Spain, Ireland and Norway moved to formally recognize a Palestinian state on Tuesday, a step toward a long-held Palestinian aspiration amid the Israel-Hamas war.
At least 100 parrots, bats and other animals have died amid a heatwave in Mexico. More than 150 monkeys have died.
Albert S. Ruddy, who won Oscars for "The Godfather" and "Million-Dollar Baby" and helped create TV's "Hogan's Heroes," died Saturday.
A venue issued an apology after actor Richard Dreyfuss made allegedly sexist and homophobic comments at a "Jaws" event on Saturday.
Bestselling author John Grisham is returning to the beach with his latest page-turner. His book "Camino Ghosts" is the third in his Camino Island trilogy. He talks to "CBS Mornings" about the important history behind the book.
Wactor was shot and killed when he interrupted three suspects in the midst of a catalytic converter theft in downtown LA early Saturday morning, according to family members.
In the Off-Broadway comedy, Sedgwick plays the mother of a young disabled woman who is romantically involved with a disabled man.
Some school districts are turning to technology like artificial intelligence to help tackle major bus driver shortages. A school district in Colorado shows how their system could become a model nationwide.
A severe school bus driver shortage has left many students without reliable transportation but a district in Colorado Springs has found a high-tech solution.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Advocates say the technology, including facial recognition, will lead to improved security and efficiency, but some remain concerned about privacy.
New technology is transforming the way travelers pass through airports. Biometrics, including facial recognition are becoming more common. A push in Congress to restrict the TSA's use of biometrics failed earlier this month.
Turbulence on flights has been increasing, and climate change could be one of the reasons why. CBS News senior weather producer David Parkinson explains how the human-caused phenomenon affects the flight path.
One million species worldwide are threatened with extinction, according to the United Nations. One of the reasons is climate change. As dire as it sounds, there are many communities working to protect the Earth and those threatened species.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
New research indicates the sun's magnetic field originates much closer to the surface than previously thought, a finding that could help predict extreme solar storms.
The National Oceanic and Atmospheric Administration released new 2024 weather outlooks for the summer. CBS News Chicago meteorologist David Yeomans breaks down how the predictions may be connected to climate change.
Police in Northern California on Tuesday helped U.S. Marshals arrest a fugitive wanted in a Massachusetts rape case nearly two decades after he fled that state during his trial, authorities said.
Three people were shot to death in a small South Dakota town, and a former law officer who once served as the town's mayor is charged in the killings.
The man convicted in the 2022 hammer attack on Paul Pelosi apologized and was again sentenced to 30 years in prison Tuesday, as the sentencing hearing in his case was reopened due to a court error.
David Berkowitz terrorized New York City with a series of shootings that killed six people and wounded seven beginning in July 1976.
Police said "officers arrested a man after he allegedly ran naked through the aircraft mid-flight and knocked a crew member to the floor."
Scientists used decades-old images to track changes on the planet's surface.
Engineers are confident the leak will not worsen in flight, and even if it does, the Starliner can safely launch June 1.
The orbits of six planets will bring them to the same side of the sun to create a "planetary parade" in early June.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
NASA managers have ordered additional reviews of a small helium leak in Boeing's Starliner spacecraft to make sure it can be safely launched as is.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Forrest Fenn hid a treasure somewhere in the Rocky Mountains. Five men died searching for it.
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
Turbulence on flights has been increasing, and climate change could be one of the reasons why. CBS News senior weather producer David Parkinson explains how the human-caused phenomenon affects the flight path.
The prosecution and defense in former President Donald Trump's "hush money" trial gave their closing arguments Tuesday, making their final cases before jury deliberations begin. CBS News campaign reporter and attorney Katrina Kaufman and legal contributor Rebecca Roiphe join with the latest.
Palestinians who had fled to Rafah to escape the Israel-Hamas war are now in the path of violence as Israel pushes on with its offensive despite global condemnation. CBS News foreign correspondent Imtiaz Tyab reports. Then, Ky Luu, CEO of International Medical Corps, joins to discuss what aid groups see on the ground.
Nurses Doreen Thrash and Marcus Walton were off the clock when a person playing a friendly game of basketball collapsed. The two sprang into action and helped save the basektball player's life.
The Cook County Sheriff's Office in Illinois launched a program that allows deputies to patch in qualified clinicians to help people dealing with mental health issues. Ash-har Quraishi got an inside look at how the program works.