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.
What was to be the maiden launch of the Boeing Starliner with astronauts on board was halted yet again Saturday, this time less than four minutes before liftoff, when a computer system triggered an automatic hold. A launch last month was also canceled due to various issues. Manuel Bojorquez has the latest.
All systems are go for a second attempted launch of Boeing's Starliner capsule on Saturday, making its maiden voyage to the International Space Station with two astronauts on board. Manuel Bojorquez reports from the Kennedy Space Center.
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.
ChatGPT developer OpenAI warns that state actors worldwide use generative artificial intelligence to run covert propaganda operations. The company told The Washington Post it found groups in Russia, China, Iran and Israel using its technology to build and launch social media campaigns. Gerrit De Vynck, tech reporter for The Post, joins CBS News to discuss.
Google said it's rolling back its AI-generated search results feature after two weeks. Here's why.
ZDNet Editor-in-Chief Jason Hiner explains best practices for setup and success of smart home security systems.
Australia is investigating a potential Ticketmaster data breach affecting over half a billion users. Those behind the attack are said to be offering the data for $500,000 on the dark web. CBS News homeland security and justice reporter Nicole Sganga brings us the latest details.
A notorious cybercriminal group claims to have stolen personal data for 560 million Ticketmaster users. Here's what to know.
The world's first wooden satellite has been built by Japanese researchers who said their tiny cuboid craft is scheduled to be carried into space on a SpaceX rocket in September.
The problems began Friday morning, causing water problems at two hospitals, a city jail, a county jail and local shelters.
Prosecutors say evidence, including damning cellphone searches and texts, led them to Tim Bliefnick for the February murder of Becky Bliefnick.
Police say a photographer and one-time contestant on "The Dating Game" was also a chameleon and a serial killer —perhaps the deadliest in U.S. history.
Last summer, otter 841 terrorized surfers in Santa Cruz, California, biting surfboards and even hijacking them. Now she has returned.
Almost 160,000 Allied troops landed at Normandy on June 6, 1944, in a massive operation designed to break through heavily fortified German defenses and begin the liberation of Western Europe.
Authors complained for years that the organization was predominantly White — causing membership to plummet.
Costco hasn't raised the cost of its popular hot dog and soda combo in nearly 40 years, and it's not about to now, a senior exec says.
FCC calls on Congress for funding to restart program that helped low-income households get high-speed internet service.
Google said it's rolling back its AI-generated search results feature after two weeks. Here's why.
the law would require fossil fuel companies to contribute to a superfund that will be used to help the state adapt to climate change and develop more resilient infrastructure.
Being found guilty of 34 felony counts would normally mark the end of someone's political prospects. But this week's conviction is not stopping Trump (who has built his career, and brand, on grievances) from running for another term in the White House.
Half the country says Trump is not fit to be president; Republicans call the trial unfair, according to CBS News poll.
As the verdict was read, former President Donald Trump's eyes appeared to close, and his head shook slightly, lips pursed and eyes downcast.
Former President Donald Trump was found guilty on 34 felony counts in a case stemming from a "hush money" payment to adult film star Stormy Daniels.
CBS News fact checked four misleading claims Trump made about his trial in remarks he made Friday morning.
Even if someone has gone through a healing process with body image or their relationship with food, these challenges can "last a lifetime," a licensed mental health counselor tells CBS News.
Almost one in five survey responders had lost a family member or close friend to a drug overdose, researchers found.
The U.S. has ordered 4.8 million doses of vaccine to target bird flu in case the outbreak spreads in people.
Details of the FDA's proposal were published Friday ahead of a meeting next week.
The Mediterranean diet has long been regarded as a heart-healthy option, but a new study has found the diet may help reduce risk of death.
Three C-47 transport planes, a workhorse of World War II, dropped three long strings of jumpers, their round chutes mushrooming open in the blue skies with puffy white clouds.
South Korea says it'll take strong retaliatory steps against North Korea over its launch of trash-carrying balloons across the border and other provocations.
The spacecraft, part of the Chang'e moon exploration program, will collect soil and rock samples.
Almost 160,000 Allied troops landed at Normandy on June 6, 1944, in a massive operation designed to break through heavily fortified German defenses and begin the liberation of Western Europe.
Zulkifli Bin Yusof, 36, was part of a three-man climbing team from Malaysia.
When the "Jurassic Park" writer died in 2008, he left behind an unfinished novel about a volcanic eruption that imperils all life on Earth. Enter bestselling author James Patterson, tasked with completing Crichton's thriller.
Writer Michael Crichton, whose blockbuster novels, films and TV series included "Jurassic Park" and "ER," died in 2008, leaving behind an unfinished thriller about a volcanic eruption that imperils all life on Earth. Bestselling author James Patterson was tasked with completing Crichton's book, and now, 16 years later, "Eruption" is finally being unleashed in bookstores. Correspondent Tracy Smith talks with Patterson, and with Michael's widow, Sherri Alexander Crichton, about bringing back the voice of a master storyteller.
The new Broadway show "Illinoise" is a choreographed indie-rock musical with no dialogue, based on Sufjan Stevens' 2005 concept album. It's received four Tony Award nominations, including best musical. "Sunday Morning" contributor Kelefa Sanneh talks with choreographer Justin Peck, playwright Jackie Sibblies Drury, and musician Shara Nova about the show, an ode to the origins of storytelling and theatre-making.
The "Sunday Morning" book reviewer offers his picks from this month's new fiction and non-fiction titles, including "Eruption," a thriller started by Michael Crichton and finished, more than 15 years after Crichton's death, by James Patterson.
This month's fiction and non-fiction titles include an unfinished thriller by "Jurassic Park" author Michael Crichton, completed more than 15 years after Crichton's death by bestselling writer James Patterson.
What was to be the maiden launch of the Boeing Starliner with astronauts on board was halted yet again Saturday, this time less than four minutes before liftoff, when a computer system triggered an automatic hold. A launch last month was also canceled due to various issues. Manuel Bojorquez has the latest.
All systems are go for a second attempted launch of Boeing's Starliner capsule on Saturday, making its maiden voyage to the International Space Station with two astronauts on board. Manuel Bojorquez reports from the Kennedy Space Center.
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.
ChatGPT developer OpenAI warns that state actors worldwide use generative artificial intelligence to run covert propaganda operations. The company told The Washington Post it found groups in Russia, China, Iran and Israel using its technology to build and launch social media campaigns. Gerrit De Vynck, tech reporter for The Post, joins CBS News to discuss.
Google said it's rolling back its AI-generated search results feature after two weeks. Here's why.
The British journalist and author of "Midnight in Chernobyl" returns with his exhaustively-researched new book about the 1986 space shuttle disaster.
A recent study from the University of Washington suggests that rising summer temperatures threaten triploid oysters, specifically bred in the 1970s to be more resilient to harsher environments. Despite that, researchers found that triploids die nearly 2.5 times faster than other oysters when under heat stress. Neil Thompson, geneticist for the U.S. Department of Agriculture Agricultural Research Service, joins CBS News to unpack the findings.
The New Caledonian fern, Tmesipteris oblanceolata, has more than 50 times more DNA packed into the nucleus of its cells than humans do.
Can the climate crisis be won as temperatures soar, oceans rise and air quality deteriorates? Former presidential candidate Tom Steyer thinks it can. The climate investor joins "America Decides" to discuss his new book "Cheaper, Faster, Better: How We'll Win the Climate War."
The spread of an avian flu virus in cattle has again brought public health attention to the potential for a global pandemic. Fighting it would depend, for now, on 1940s technology that makes vaccines from hens' eggs.
Prosecutors say evidence, including damning cellphone searches and texts, led them to Tim Bliefnick for the February murder of Becky Bliefnick.
Police say a photographer and one-time contestant on "The Dating Game" was also a chameleon and a serial killer —perhaps the deadliest in U.S. history.
Two days after he was convicted of triple-murder, an Idaho jury on Saturday sentenced Chad Daybell to death in the 2019 killing of his first wife, Tammy Daybell, and the killings of the two youngest children of his now wife, Lori Vallow Daybell. In 2023, Vallow Daybell was also convicted in the murders of those two children and sentenced to life in prison.
Chad Daybell was sentenced to death in the murders of his wife, Tammy Daybell, and his then-girlfriend's children Joshua "JJ" Vallow and Tylee Ryan.
John Demay said that what started as a seemingly innocuous encounter on Instagram quickly turned deadly for his teenage son Jordan.
The spacecraft, part of the Chang'e moon exploration program, will collect soil and rock samples.
The second attempt to send Boeing's Starliner crew capsule into orbit was canceled just minutes before it was set to launch on Saturday.
Nearly a month after a frustrating launch scrub, the Starliner and its two-person crew were initially cleared for a second attempt to reach orbit.
If you missed the fantastic display of the northern lights in May, you could soon have another chance. In early June, the active solar region responsible for those multi-colored hues in the night sky will be in prime position to generate solar storms impacting us on Earth. Ryan French, solar physicist with the National Solar Observatory, joins CBS News to explain.
Boeing is preparing to launch its crewed Starliner spacecraft on Saturday after having to scrub the plan twice before due to technical difficulties. CBS News space consultant Bill Harwood is following the preparations for Boeing's flight.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
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.
Writer Michael Crichton, whose blockbuster novels, films and TV series included "Jurassic Park" and "ER," died in 2008, leaving behind an unfinished thriller about a volcanic eruption that imperils all life on Earth. Bestselling author James Patterson was tasked with completing Crichton's book, and now, 16 years later, "Eruption" is finally being unleashed in bookstores. Correspondent Tracy Smith talks with Patterson, and with Michael's widow, Sherri Alexander Crichton, about bringing back the voice of a master storyteller.
"Sunday Morning" looks back at historical events on this date.
The new Broadway show "Illinoise" is a choreographed indie-rock musical with no dialogue, based on Sufjan Stevens' 2005 concept album. It's received four Tony Award nominations, including best musical. "Sunday Morning" contributor Kelefa Sanneh talks with choreographer Justin Peck, playwright Jackie Sibblies Drury, and musician Shara Nova about the show, an ode to the origins of storytelling and theatre-making.
Being found guilty of 34 felony counts would normally mark the end of someone's political prospects. But as longtime Trump chronicler Michael Wolff notes, the former president has built his career, and brand, on grievances – and this week's conviction in a New York courtroom is not stopping Trump from running for another term in the White House. CBS News chief election & campaign correspondent Robert Costa reports.
The "Sunday Morning" book reviewer offers his picks from this month's new fiction and non-fiction titles, including "Eruption," a thriller started by Michael Crichton and finished, more than 15 years after Crichton's death, by James Patterson.