29 arrested after thousands swept up in cryptocurrency investment scam
People duped by the complex scheme say they were lured by misleading advertising and, in many cases, trusted acquaintances who'd been fooled themselves.
Cryptocurrency
NBA star Paul Pierce settles with SEC over crypto fraud charges
Former Celtics player agreed to $1.4 million in penalties after pushing a crypto token he was paid to promote.
Cybercriminals swiped nearly $4 billion in cryptocurrency last year
Criminals with ties to North Korea helped create "the biggest year ever for crypto hacking" in 2022, according to Chainalysis.
Feds seize over $170 million in cash accounts linked to Sam Bankman-Fried
They also seized 55.27 million shares of Robinhood stock currently valued at about $526 million.
Top Republican calls FTX founder Sam Bankman-Fried a "world-class sociopath"
The new chairman of the House Financial Services Committee said on "The Takeout" this week that Bankman-Fried has "proven himself to be untrustworthy by his actions," and "no word he utters should be believed."
Coinbase cuts nearly 1,000 jobs, citing rough crypto climate
Crypto trading exchange is eliminating 20% of its workforce, its second round of layoffs in recent months.
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.
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.
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.
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.
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.
Technology
Scammers are using AI voice cloning tools to dupe victims
One expert said he doesn't even answer unknown callers anymore and uses a code word with family members.
Google blocks Chinese retailer from Play store after malware found
Suspension of Pinduoduo comes amid U.S. concerns that Chinese-owned apps like TikTok pose national security threat.
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.
As senators threaten a ban, what will happen to TikTok?
The future of the popular mobile app, used by 150 million Americans, has never been more uncertain. Here's what to know.
Twitter's press email is automatically "pooping" on the media
Under Elon Musk, who has accused journalists of bias, Twitter no longer makes an effort to answer journalists' questions.
TikTok parent company under investigation
The Justice Department is investigating TikTok's parent company for possibly spying on American citizens, including journalists, CBS News has confirmed. The popular app is owned by China-based ByteDance. Forbes technology reporter Emily Baker-White said the company improperly accessed her data, and she joined "CBS News Mornings" to discuss.
Meta launches paid verification subscription service in U.S.
The launch comes the same week that the company laid off about 10,000 workers.
DOJ investigating TikTok parent company for possible spying on U.S. citizens
News of the probe comes as U.S. lawmakers have ramped up calls for action against the widely popular social media app.
YouTube reinstates Trump's account ahead of 2024 campaign
YouTube's decision means the former president's accounts on three major social media platforms have been restored ahead of the 2024 election.
U.S.
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Japan tops defending champ U.S. 3-2, wins World Baseball Classic
Two-way star Shohei Ohtani struck out fellow Los Angeles Angels star Mike Trout to end the game. Ohtani was voted the WBC's MVP and called it "the best moment in my life."
Hundreds of thousands without power as another storm slams California
The storm focused most of its energy on central and southern parts of the state, bringing threats of heavy runoff and mountain snowfall.
Florida bill would ban elementary schools from teaching about menstruation
Girls in the U.S. typically get their first period between ages 11 and 14, but can get them as early as age 9, according to the Cleveland Clinic.
Lab-grown chicken clears FDA safety hurdle
GOOD Meat still needs approval from the Agriculture Department before it can sell the product line in the U.S.
8 dolphins die after washing ashore on New Jersey beach
Six of the dolphins were euthanized and the other two had already died when rescuers arrived at the scene.
MoneyWatch
More MoneyWatch
Lab-grown chicken clears FDA safety hurdle
GOOD Meat still needs approval from the Agriculture Department before it can sell the product line in the U.S.
Scammers are using AI voice cloning tools to dupe victims
One expert said he doesn't even answer unknown callers anymore and uses a code word with family members.
How an army of lobbyists helped water down banking laws
In 2018, some Red-state Democrats allied with Republicans to deregulate the banking industry. That was a mistake, critics say.
Dodge unveils last — and super-fast — gasoline muscle car
Automaker says the Challenger SRT Demon 170 will pack over 1,000 horsepower and outpace electric supercars.
Judge to determine whether Dominion defamation case against Fox goes to trial
Dominion Voting Systems is suing Fox News for $1.6 billion for defamation, while Fox has asked the judge to dismiss the lawsuit.
Politics
More Politics
Florida bill would ban elementary schools from teaching about menstruation
Girls in the U.S. typically get their first period between ages 11 and 14, but can get them as early as age 9, according to the Cleveland Clinic.
How an army of lobbyists helped water down banking laws
In 2018, some Red-state Democrats allied with Republicans to deregulate the banking industry. That was a mistake, critics say.
Biden establishes national monuments and marine sanctuary out West
President Joe Biden has established national monuments in Nevada and Texas.
Judge to determine whether Dominion defamation case against Fox goes to trial
Dominion Voting Systems is suing Fox News for $1.6 billion for defamation, while Fox has asked the judge to dismiss the lawsuit.
Putin: Russia will "respond accordingly" if Ukraine gets depleted uranium shells
Depleted uranium is around 60% as radioactive as natural uranium, and its heaviness lends itself for use in armor-piercing rounds.
Health
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Florida bill would ban elementary schools from teaching about menstruation
Girls in the U.S. typically get their first period between ages 11 and 14, but can get them as early as age 9, according to the Cleveland Clinic.
The reality of freezing eggs to preserve fertility
As more Americans are freezing their eggs, Nikki Battiste takes a closer look at the process for the series "Facing Fertility."
Death toll climbs in outbreak linked to recalled eye drops
The CDC says three people have died, eight have lost their vision and four had an eyeball removed.
Egg freezing is a major fertility topic. Here's what the process is like.
Egg freezing is an increasingly popular procedure that people hope will give them options, even if it's not guaranteed to work.
"Facing Fertility" Part 2: Egg freezing
Our "Facing Fertility" series sets out to educate people about reproductive hurdles and give voice to the many women and men who suffer in silence with infertility. We look at a procedure that's growing in popularity: egg freezing. Nikki Battiste reports.
World
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South Korea says North Korea test-fired multiple cruise missiles
The tests came three days after Pyongyang carried out what it called a simulated nuclear attack on South Korea.
Japan tops defending champ U.S. 3-2, wins World Baseball Classic
Two-way star Shohei Ohtani struck out fellow Los Angeles Angels star Mike Trout to end the game. Ohtani was voted the WBC's MVP and called it "the best moment in my life."
Monarch butterfly presence in Mexican forests drops 22%, report says
Illegal logging has been a major threat to the pine and fir forests where the butterflies gather in clumps to keep warm in the winter.
Google blocks Chinese retailer from Play store after malware found
Suspension of Pinduoduo comes amid U.S. concerns that Chinese-owned apps like TikTok pose national security threat.
Brother of Gulf Cartel boss sentenced to 180 months in prison
At trial Lee Roy Villarreal testified he had a legitimate auto mechanic business, court records said.
Entertainment
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Entertainment
Biden awards National Medal of Arts
President Biden on Tuesday awarded several artists the National Medal of Arts. Recipients included Bruce Springsteen, Mindy Kaling and Julia Louis-Dreyfus
Tom Hanks to deliver commencement speech at Harvard
Hanks, 66, will be the principal speaker at Harvard's 372nd Commencement, which will be held in Tercentenary Theater on May 25.
2023 Lollapalooza headliners include Billie Eilish, Kendrick Lamar
The four-day event takes place in Chicago in early August.
Gwyneth Paltrow's trial begins for Deer Valley ski crash
Gwyneth Paltrow goes on trial in the Utah ski town of Park City where the actor is accused in a lawsuit of crashing into a skier during a 2016 family ski vacation, leaving him with brain damage and four broken ribs.
Actor D.B. Woodside on "The Night Agent"
Actor D.B. Woodside stars in the new television show, "The Night Agent," on Netflix. Woodside joins "CBS Mornings" and shares why the character is the one he relates to the most, how he prepared to play a secret service agent and if he'd ever want to return to any of his other fan-favorite characters.
Technology
More Technology
Scammers are using AI voice cloning tools to dupe victims
One expert said he doesn't even answer unknown callers anymore and uses a code word with family members.
Google blocks Chinese retailer from Play store after malware found
Suspension of Pinduoduo comes amid U.S. concerns that Chinese-owned apps like TikTok pose national security threat.
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.
As senators threaten a ban, what will happen to TikTok?
The future of the popular mobile app, used by 150 million Americans, has never been more uncertain. Here's what to know.
Twitter's press email is automatically "pooping" on the media
Under Elon Musk, who has accused journalists of bias, Twitter no longer makes an effort to answer journalists' questions.
Science
More Science
Science
U.N. warns we must act on climate change
The world must take action to "defuse the climate time bomb," the United Nations secretary-general said as the U.N. released its latest report. "Prime Time" host John Dickerson discusses the warning with Mark Hertsgaard, co-founder and executive director of Covering Climate Now.
Time to "defuse the climate time bomb" running out fast, U.N. warns
"Humanity is on thin ice, and that ice is melting fast," the U.N. chief said, calling a new report on the rate of climate change "a survival guide for humanity."
New genetic analysis finds clues to animal origin of COVID outbreak
Analysis presented to the WHO offers clues to whether animals, possibly raccoon dogs, were infected at the Huanan animal market in early 2020.
Rocket Lab launches imaging radar satellites for Capella Space
The Capella Space satellites use cloud-piercing radar to monitor Earth around the clock, regardless of weather.
Wet weather in West will bring drought relief
NOAA's U.S. spring outlook predicts more wet weather will help improve the severe drought across the Western United States. CBS News senior national and environmental correspondent Ben Tracy joins CBS News to discuss.
Crime
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Lori Vallow Daybell will not face death penalty in upcoming trial, judge rules
Lori Vallow Daybell and her husband, Chad Daybell, are charged in the deaths of her children, JJ Vallow and Tylee Ryan, and his late wife Tammy Daybell.
Wrongfully convicted man freed after 20 years
Sheldon Thomas was exonerated of murder earlier this month. The 35-year-old from New York spent nearly two decades behind bars for a crime he didn't commit. CBS News anchors Lana Zak and Lilia Luciano spoke with William Kastin, assistant attorney-in-charge for Appellate Advocates, about what we can learn from Thomas' case.
Brother of Gulf Cartel boss sentenced to 180 months in prison
At trial Lee Roy Villarreal testified he had a legitimate auto mechanic business, court records said.
Grand jury indicts the 10 people charged in Irvo Otieno's death
Three hospital employees and seven sheriff's deputies have been indicted on charges of second-degree murder.
Pair who kidnapped baby from San Jose home sentenced to prison
The woman authorities say planned the abduction received more than 13 years, while the man painted as her accomplice received 5 years.
Space
More Space
Five planets will align across the night sky near the end of March
Jupiter, Mercury, Venus, Uranus and Mars will align right before the end of the month.
Mystery solved after strange streaks of light seen in California sky
The flaming bits of wreckage created a "spectacular light show" and were going thousands of miles per hour, an astronomer said.
Scientists discover volcanic activity on Venus
NASA's Magellan spacecraft collected images of the planet's surface between 1990 and 1992, and researchers recently searched that data to study the possible activity of the volcanoes in the terrain.
Rocket Lab launches imaging radar satellites for Capella Space
The Capella Space satellites use cloud-piercing radar to monitor Earth around the clock, regardless of weather.
SpaceX cargo ship docks with space station
The spacecraft delivered more than 3 tons of equipment and supplies, including fresh fruit for the space station crew.
Latest Galleries
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Rare photos from the 1976 Chowchilla bus kidnapping
A look inside the truck trailer where 26 abducted school children and their bus driver were buried alive -- and later escaped.
World News Roundup's 85th anniversary
America's longest-running news broadcast program celebrates three-quarters of a century on the air
Young witness found herself at the scene of a crime
What Angelina Fernandes saw the night her mother was accused of murder.
The crime scene evidence that convicted Alex Murdaugh
Inside South Carolina's "trial of the century" — how investigators built their case
Michelle Renee case evidence: Kidnapped and threatened with dynamite
A look into the evidence from the 2000 hostage situation and bank robbery that changed a mother and daughter's lives.
Latest Videos
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Latest Videos
All eyes on the Fed's interest rate decision
The central bank is meeting this week to decide whether to continue raising interest rates as the banking system remains unsettled. Mark Zandi, a chief economist of Moody's Analytics, joined John Dickerson on "Prime Time" to discuss.
10 charged with murder in Irvo Otieno's death
Seven Virigina deputies and two hospital workers are facing murder charges in the death of 28-year-old Irvo Otieno. New surveillance video shows the moments leading up to his death. CBS News Chief National Affairs and Justice Correspondent Jeff Pegues joins CBS News to discuss.
Strike shuts down L.A. schools
Nearly half a million students are out of the classroom in Los Angeles due to a three-day strike. Carter Evans joins John Dickerson to discuss.
CDC warns of drug-resistant fungus
A new study from the CDC warns that cases of candida auris, a drug-resistant and potentially deadly fungal infection, tripled during the pandemic. "Prime Time" host John Dickerson speaks with Dr. Mati Hlatshwayo Davis, who helps us put this latest warning into context.
Day 2 of Putin-Xi meetings in Moscow
Chinese President Xi Jinping released a joint statement with Russian President Vladimir Putin about what they called the "Ukraine crisis." The pair also boasted about their countries deepening economic ties. Sourabh Gupta, Asia-Pacific specialist at the Institute for China-America Studies, joins John Dickerson to discuss the meetings.