FTX's Sam Bankman-Fried pleads not guilty to fraud charges
FTX founder duped customers by using their crypto to pay debts at hedge fund Alameda Research, prosecutors say.
Cryptocurrency
Sam Bankman-Fried set to plead not guilty to fraud, report says
Prosecutors will have to prove the cryptocurrency company founder intentionally duped customers, legal analysts said.
FTX customers file lawsuit seeking to recover crypto assets
Users of the cryptocurrency exchange accuse it of stealing their assets and stopping them from making withdrawals.
FTX founder Sam Bankman-Fried released on $250 million bond
The FTX founder was ordered to home confinement at his parents' home in Palo Alto, California.
Two associates of FTX founder Sam Bankman-Fried agree to plea deals
Word of the agreements came on the same day Bankman-Fried was being flown back to the U.S. from the Bahamas to face fraud charges.
Bankruptcy court hears FTX case
A bankruptcy court is hearing FTX's case days after its founder Sam Bankman-Fried was charged with fraud. He told the Wall Street Journal prior to his arrest that he did not know about potential fraud at his company, and "can only guess" where billions of dollars from his customers went. WSJ reporter Alexander Osipovich interviewed Bankman-Fried, and joins CBS News to discuss the former CEO and the ongoing investigations into his failed crypto company.
Fear shadows cryptocurrency exchanges after FTX's collapse
Customers of Binance, the biggest crypto exchange, withdrew billions in funds this week. The company says it's safe.
Where Bankman-Fried's $40 million in 2022 political donations went
Bankman-Fried is facing eight charges for financial crimes, including campaign finance violations.
SEC charges former FTX CEO with defrauding crypto investors
Securities regulators claim Sam Bankman-Fried built a "house of cards" while telling investors their money was safe.
What to know about the charges facing FTX's Sam Bankman-Fried
Once hailed as a genius, the 30-year-old MIT grad now faces multiple charges of fraud following the collapse of his crypto firm.
Sam Bankman-Fried charged with fraud and money laundering
Prosecutors allege the FTX founder defrauded customers by using their crypto to pay debts incurred by his hedge fund.
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.
"Grossly inexperienced" leaders led to FTX collapse, new CEO says
New crypto exchange chief points to massive failures under Sam Bankman-Fried ahead of House committee hearing.
Justice Department seeks independent probe of FTX's meltdown
DOJ officials want to investigate "allegations of fraud, dishonesty, incompetence, misconduct and mismanagement."
Sam Bankman-Fried: "I've had a bad month"
Bankman-Fried, who was once worth $26.5 billion, said he had one working credit card and $100,000 left in a bank account.
$740 million in crypto assets recovered in FTX bankruptcy
Recouped funds are a fraction of the billions of dollars thought to have gone missing from the exchange's coffers.
FTX had "substantial amount" of assets stolen
Some of those assets are believed to have been seized by government officials in Bahamas, where company is based.
Bitcoin slumps as FTX meltdown triggers fears of contagion
Total value of cryptocurrencies has fallen more than $1 trillion this year as investor sentiment sours.
U.S. authorities: 2 Estonians arrested in $575M crypto scam
"New technology has made it easier for bad actors to take advantage of innocent victims," said one prosecutor.
Bankrupt FTX Trading owes creditors more than $3 billion
Bankruptcy court documents offer a glimpse of just how much the Bahamas-based crypto exchange is in debt.
Tom Brady, Gisele Bundchen among those sued after FTX collapse
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
FTX's new CEO: Company suffered a "complete failure"
Bankrupt crypto exchange plagued by "complete absence of trustworthy financial information," CEO John Ray III said.
Yellen warns of "risky" cryptocurrency, touts "resilient" U.S. economy
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."
Customers of bankrupt FTX may never get their crypto back
"People are going to be waiting on the sidelines for a very long time," said one law professor of the exchange's account holders.
Sam Bankman-Fried's crypto exchange FTX files for bankruptcy
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
Technology
Technology
AI-generated bills swamp congressional lawyers
Lawmakers and lobbyists are now using artificial intelligence to draft bills, but it turns out AI is currently terrible at the technicalities of federal law and regulations. Politico Congress tech reporter Owen Dahlkamp joins to discuss his recent article on the topic.
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
How AI powered robots are helping small farms
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.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Smart home security tips for personal and cyber protection
ZDNet Editor-in-Chief Jason Hiner explains best practices for setup and success of smart home security systems.
Woman covertly filmed by Meta smart glasses raises privacy concerns
One woman is speaking out after she was secretly filmed, saying that technology like Meta's AI-powered smart glasses threatens personal privacy.
Meta AI glasses spark fears about privacy
Meta's glasses that are capable of recording video may pose a threat to people's privacy, critics say.
AI could be used to generate bills
The use of artificial intelligence on Capitol Hill could pose some issues for bills that may become U.S. laws later on. Ari Hershowitz, founder of DreamProIT, joins CBS News with his take.
U.S.
More U.S.
Nancy Kassebaum Baker, former U.S. senator from Kansas, dies at 94
Former U.S. Sen. Nancy Kassebaum Baker of Kansas was the first woman elected to the U.S. Senate without following a spouse into office.
Serena Williams, Carlos Alcaraz will play mixed doubles at the U.S. Open
Serena Williams will team up with Carlos Alcaraz to create a powerhouse mixed doubles pair in her return to the U.S. Open.
Canada says it will begin retaliatory tariffs on U.S. goods after Labor Day
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Drastic water cuts issued for California, Nevada and Arizona from Colorado River
Federal officials announced sharp water cuts for the next two years on Friday for three Western states that rely on the imperiled Colorado River.
Pilot reports possible burn injuries after passenger's laptop catches fire
"I think we have about four to five passengers that were burned by the laptop," a pilot can be heard saying in air traffic control audio obtained by CBS News.
MoneyWatch
More MoneyWatch
Canada says it will begin retaliatory tariffs on U.S. goods after Labor Day
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
People are scrambling to find wads of cash dropped all over American cities
Cash drop social media accounts have people racing to find money hidden across the country. Here's what's behind the viral videos.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Politics
More Politics
Nancy Kassebaum Baker, former U.S. senator from Kansas, dies at 94
Former U.S. Sen. Nancy Kassebaum Baker of Kansas was the first woman elected to the U.S. Senate without following a spouse into office.
Canada says it will begin retaliatory tariffs on U.S. goods after Labor Day
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Exclusive
Men describe being deported by U.S. to dangerous African nation: "We cannot leave"
The Central African Republic is one of more than 30 countries the U.S. government has convinced to accept third-country deportees arrested as part of President Trump's large-scale crackdown on illegal immigration.
Trump threatens defamation suit against left-leaning think tank
President Trump's legal team is threatening to sue left-leaning think tank Center for American Progress for defamation over a report it issued that found "no evidence that National Guard deployments have reduced violent crime."
Trump campaigns with Darline Graham in South Carolina ahead of runoff
Sen. Darline Graham is facing Rep. Ralph Norman to replace her late brother on the ballot in November.
HealthWatch
More HealthWatch
How a teen found "a sense of control" as she fought cancer
Alayna Riozzi-Bodine was diagnosed with Hodgkin's lymphoma the summer before her senior year of high school.
Alfalfa sprouts recalled after E. coli, salmonella outbreak sickens dozens
An outbreak of E. coli and salmonella that has sickened dozens of people across 15 states has been linked to an alfalfa grower in Minnesota, federal health officials said Friday.
Cardiac event reveals Olympian's rare heart condition: "There was a God present"
Olympian Jenny Simpson said she won't be able to run again after being diagnosed with a rare heart condition earlier this year.
Mom says postpartum psychosis made her feel like "such a monster"
As the trial of Lindsay Clancy brings renewed attention to postpartum psychosis, Haley Ashcom shares her experience with the dangerous condition.
Drug mix-up at hospital causes dire complications in 4 patients
Four patients at Ascension Saint Thomas Midtown received incorrect medications last week, CBS affiliate WTVF reported.
World
More World
European wildfires expose, detonate buried explosives from past wars
The wildfires burning across Europe this summer have revealed World War I and II ordnance lurking beneath the blackened landscape.
Russian and Ukrainian attacks kill at least 10 after deadly mall drone strike
The attacks come a day after a two-wave drone strike on a shopping mall in Zelenskyy's hometown killed 16 people.
Exclusive
Men describe being deported by U.S. to dangerous African nation: "We cannot leave"
The Central African Republic is one of more than 30 countries the U.S. government has convinced to accept third-country deportees arrested as part of President Trump's large-scale crackdown on illegal immigration.
Sword attack at school in Sweden kills 17-year-old girl, officials say
An 18-year-old with a sword attacked a school on Friday in central Sweden, killing a 17-year-old girl and seriously injuring at least two others.
Russian strike kills 15 people at shopping mall in Zelenskyy's hometown
Zelenskyy described the attack as a double-tap strike, in which an initial wave of drones hit the area, followed by a second wave as rescue workers responded.
Entertainment
More Entertainment
Entertainment
Grace Potter performs "Run Baby Run"
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Run Baby Run."
Grace Potter sings "Love Me Not"
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Love Me Not."
Grace Potter sings "Main Street USA"
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Main Street USA."
Iconic props up for grabs at movie auction
Iconic film props and other movie memorabilia from classic Hollywood flicks are up for auction. Kris Van Cleave has more.
The National Mall will become a race track
Race car drivers will compete at the IndyCar Freedom 250 Grand Prix in Washington, D.C. this weekend, turning the National Mall into a racetrack.
Technology
More Technology
Technology
AI-generated bills swamp congressional lawyers
Lawmakers and lobbyists are now using artificial intelligence to draft bills, but it turns out AI is currently terrible at the technicalities of federal law and regulations. Politico Congress tech reporter Owen Dahlkamp joins to discuss his recent article on the topic.
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
How AI powered robots are helping small farms
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.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Science
More Science
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
More Crime
Crime
Fighting wage theft in New York City
The Economic Policy Institute estimates that workers lose more than $50 billion a year to wage theft. New York City is cracking down on the crime and other abuses of low-income workers.
Latest Lindsay Clancy trial testimonies
Several medical experts testified in the murder trial of Lindsay Clancy. Clancy admitted to killing her three children but claims she was experiencing postpartum psychosis. Shanelle Kaul reports.
Psychiatrist testifies in Clancy trial
Dr. Phillip Resnick, whose testimony contributed to an acquittal in another high-profile child-killing case in 2001, testified in Lindsay Clancy's defense on Friday. Shanelle Kaul has more.
Inside an 8-year-old shooting victim's room
It's been a year since a shooting at Annunciation Catholic Church in Minneapolis killed two children and injured dozens. Steve Hartman visits the bedroom of a little boy who lost his life that day.
Panettiere given emergency drug, witness says
New details in Hayden Panettiere's sudden death have emerged as her on-and-off boyfriend's brother, who was present when she died, speaks out. Mark Strassmann has more.
Space
More Space
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Latest Galleries
More Latest Galleries
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Grace Potter performs "Run Baby Run"
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Run Baby Run."
Grace Potter sings "Love Me Not"
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Love Me Not."
Grace Potter sings "Main Street USA"
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Main Street USA."
The Dish: Philippe Massoud
Chef Philippe Massoud shares his love of Lebanese cuisine with eager diners at ilili, which has locations in New York City and Washington, D.C. The Beirut-born chef explains how his "enchanted life" and upbringing in Lebanon contributes to his culinary success.
Iconic props up for grabs at movie auction
Iconic film props and other movie memorabilia from classic Hollywood flicks are up for auction. Kris Van Cleave has more.