Binance to pay $4.3 billion fine as CEO pleads guilty to federal charges
The world's largest cryptocurrency exchange platform admits it did not take appropriate steps to prevent money laundering on its site.
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The world's largest cryptocurrency exchange platform admits it did not take appropriate steps to prevent money laundering on its site.
In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the "pyramid of deceit" that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges.
A prosecutor has attacked the credibility of Sam Bankman-Fried's testimony at his fraud trial, confronting him over whether he was truthful during his public appearances after FTX filed for bankruptcy last year.
FTX founder Sam Bankman-Fried testified at his New York trial on Friday, denying that he defrauded anyone but acknowledging that the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead.
Sam Bankman-Fried got a test run at testifying at his New York criminal trial when a judge sent jurors home but let him demonstrate portions of his testimony before deciding what jurors will hear on Friday.
A lawyer for Sam Bankman-Fried says the FTX founder plans to testify at his fraud trial.
Authorities are sounding the alarm about a high-tech twist on a common con where victims are duped by perpetrators to invest in phony cryptocurrency accounts.
A Bay Area man describes how he lost his family's life savings when online scammers convinced him to invest in a bogus cryptocurrency account. Kenny Choi reports. (9-8-23)
FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him.
The Biden administration has intensified its focus on tracing cryptocurrency payments that some of the most dangerous Mexican drug cartels use to buy fentanyl ingredients from Chinese chemical companies.
A prosecutor has asked a judge to immediately jail FTX founder Sam Bankman-Fried, saying he violated his bail conditions by releasing information meant to harass a key witness against him.
Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness against him at his upcoming trial by publicly disclosing personal things she wrote while she was the chief executive at his cryptocurrency hedge fund trading firm.
A car with three occupants recently drove into a barricade outside the California home owned by Sam Bankman-Fried's parents, an apparent attempt to gain access to the property where the founder of crypto exchange FTX is under house arrest.
FTX founder duped customers by using their crypto to pay debts at hedge fund Alameda Research, prosecutors say.
The operator of a crypto currency website has pleaded guilty in a federal courtroom in San Francisco to defrauding investors of nearly $1 million, according to a joint announcement from the Department of Justice and the IRS.
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a "complete failure" of corporate control.
California Attorney General Rob Bonta urged investors seeking to invest in cryptocurrency to be cautious, amid recent volatility in the crypto market and the bankruptcy of a major exchange.
The dramatic collapse of cryptocurrency and in particular a company tied to a major crypto exchange is having a widespread impact on investors.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
The crypto division of the online brokerage Robinhood will pay a $30 million penalty to New York state for failing to comply with regulations governing money laundering and cybersecurity.
Candidates for state and local offices in California will soon be able to accept cryptocurrency campaign donations.
The crypto firm said most account activity is still "paused." It's unclear whether depositors will get their money back.
Bitcoin fell below the psychologically important threshold of $20,000 on Saturday for the first time since late 2020 in a fresh sign that the selloff in cryptocurrencies is deepening.
The mother of a 3-year-old boy who spent much of his life in hospitals had one simple wish for his birthday: for him to watch a basketball game. A community of strangers in San Anselmo made sure he got it.
People in the U.S. use some four to six tubes of toothpaste per person each year, with billions of plastic tubes ending up in landfills.
The Lionel Richie and Earth, Wind & Fire concert scheduled for Thursday night at San Francisco's Chase Center was postponed because of a medical emergency involving a member of Earth, Wind & Fire.
A lawsuit challenging San Jose's use of automated license plate reader cameras is still alive, after a Santa Clara County judge asked both sides to submit additional briefing before he rules on the case.
The Richmond community is looking for answers after testing found a chemical called PCE underneath the Kennedy High School campus, which is currently under construction for modernization.
The mother of a 3-year-old boy who spent much of his life in hospitals had one simple wish for his birthday: for him to watch a basketball game. A community of strangers in San Anselmo made sure he got it.
People in the U.S. use some four to six tubes of toothpaste per person each year, with billions of plastic tubes ending up in landfills.
The Lionel Richie and Earth, Wind & Fire concert scheduled for Thursday night at San Francisco's Chase Center was postponed because of a medical emergency involving a member of Earth, Wind & Fire.
A lawsuit challenging San Jose's use of automated license plate reader cameras is still alive, after a Santa Clara County judge asked both sides to submit additional briefing before he rules on the case.
The Richmond community is looking for answers after testing found a chemical called PCE underneath the Kennedy High School campus, which is currently under construction for modernization.
The Lionel Richie and Earth, Wind & Fire concert scheduled for Thursday night at San Francisco's Chase Center was postponed because of a medical emergency involving a member of Earth, Wind & Fire.
A United Airlines flight from San Francisco to Los Cabos, Mexico had to return to SFO after sustaining damage to a tire during takeoff on Thursday, the airline reported.
Authorities in San Mateo County have made an arrest in connection with a massive fire that heavily damaged a condominium complex in Foster City over the weekend, as investigators determined the cause of the fire.
Firefighters in San Francisco rescued more than a dozen people from a burning apartment building after a fire broke out in the city's Alamo Square neighborhood early Thursday morning.
An undercover sting operation by the San Francisco Sheriff's Office targeting online child predators resulted in the arrests of seven Bay Area suspects.
The Richmond community is looking for answers after testing found a chemical called PCE underneath the Kennedy High School campus, which is currently under construction for modernization.
Officials in the City of Pittsburg announced Wednesday that it lost nearly $1 million in a phishing incident earlier this year, adding that most of the money has been recovered.
A child under 10 years old was behind the wheel of a car in Oakland on Thursday when it crashed and hit a woman walking her dog, police said.
Shamrock Hills is the second new school opened in Dublin in the past two years, following the opening of Emerald High School in 2024.
A Bay area couple is retiring this fall after serving as resource parents, traditionally known as foster parents, for 30 years.
A lawsuit challenging San Jose's use of automated license plate reader cameras is still alive, after a Santa Clara County judge asked both sides to submit additional briefing before he rules on the case.
Police in San Jose on Thursday announced the arrests of two people in connection with a shooting that killed one person and wounded two others last month.
Authorities in Monterey County are seeking information and have released photos of a vehicle possibly linked to an infant who was found dead off the side of a roadway over the weekend.
The FBI has joined the investigation and is offering a reward for information into the deadly shooting at a birthday party in Morgan Hill last month, authorities said.
Officials in Santa Cruz County have declared a state of fiscal distress and are placing a sales tax measure on the November ballot, citing cuts to federal and state funding.
The mother of a 3-year-old boy who spent much of his life in hospitals had one simple wish for his birthday: for him to watch a basketball game. A community of strangers in San Anselmo made sure he got it.
Neighbors said the FAA's temporary adjustment during the recent Bohemian Grove gathering dramatically reduced the number of aircraft flying over their homes. But after the event ended, the FAA returned to its normal departure procedures.
A shelter-in-place order for a Novato neighborhood was lifted Tuesday afternoon after a person was fatally shot earlier in the day.
Authorities in the North Bay arrested a man suspected in a shooting outside a Santa Rosa bar that wounded one person, police said.
Two years ago, the town of San Anselmo voted to withdraw from a controversial flood control district. But homeowners continued to be charged to support its operation. Now, advocates are saying they want that stopped and they want their money back.
Longtime San Francisco Giants broadcaster Mike Krukow announced on Thursday that he would retire at the end of the season.
First-year coach Tosh Lupoi has overhauled the staff, the roster has been infused by more than 30 transfers and the expectations are rising for a program that has won more than seven games just once in the past 10 seasons.
Ezequiel Duran drove in four runs, the last on a game-ending double, and the Texas Rangers beat the San Francisco Giants 5-4.
Veronica Burton contributed 12 points, eight rebounds and seven assists for Golden State in the second straight matchup of the teams at sold-out Chase Center after the Valkyries beat the Tempo 96-79 on Sunday night.
Jung Hoo Lee hit two solo homers and drove in three RBIs and Logan Webb pitched six shutout innings as the San Francisco Giants beat the scuffling Texas Rangers 5-1.
Officials in the City of Pittsburg announced Wednesday that it lost nearly $1 million in a phishing incident earlier this year, adding that most of the money has been recovered.
Police in San Jose on Thursday announced the arrests of two people in connection with a shooting that killed one person and wounded two others last month.
A child under 10 years old was behind the wheel of a car in Oakland on Thursday when it crashed and hit a woman walking her dog, police said.
Authorities in Monterey County are seeking information and have released photos of a vehicle possibly linked to an infant who was found dead off the side of a roadway over the weekend.
An undercover sting operation by the San Francisco Sheriff's Office targeting online child predators resulted in the arrests of seven Bay Area suspects.
Officials in the City of Pittsburg announced Wednesday that it lost nearly $1 million in a phishing incident earlier this year, adding that most of the money has been recovered.
Tech giant Meta revealed Wednesday that one of its artificial intelligence models hacked another organization during testing, the third time in recent weeks that an AI model has improperly accessed a third-party company.
AI models are engaging in unauthorized actions — in the most recent case, creating fake identities and attempting to persuade real people to approve malicious code.
"It really opens up your mind," said one 23-year-old who ditched smartphones to wean herself off social media.
Disney and TikTok are teaming up to let users create short-form videos that draw on the entertainment giant's large stable of movies and TV shows.
The Richmond community is looking for answers after testing found a chemical called PCE underneath the Kennedy High School campus, which is currently under construction for modernization.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
Soaring health insurance premiums are forcing some small business owners to make difficult decisions about employee coverage, staffing and their future.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
The Government Accountability Office found that DOGE overestimated its savings, among other issues.
The Senate Homeland Security Committee voted to hold Dr. Anthony Fauci in contempt of Congress over his refusal to answer questions during testimony before the committee last week.
Neighbors said the FAA's temporary adjustment during the recent Bohemian Grove gathering dramatically reduced the number of aircraft flying over their homes. But after the event ended, the FAA returned to its normal departure procedures.
A California lawmaker is making a final push to pass legislation that would restrict companies from using consumers' personal data and AI to set individualized prices, with supporters hoping to send the bill to the governor before the legislative session ends.
Alameda County officials announced a settlement in the civil lawsuit over the death of Sophia Mason, a young girl from Hayward whose killing in 2022 exposed failures in the county's child welfare system.
Berlin police did not identify the suspect, who is still at large, by name but said that he was already known to police and is from Berlin.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
The fallout over the opposition by a handful of San Francisco Giants players against the team's Pride Night celebrations has prompted an investigation of Major League Baseball by the Trump administration.
Major League Baseball has warned players about writing on their uniforms after San Francisco starter Landen Roupp and two other pitchers added Bible verses to their Pride Night caps on Friday night.
Many LGBTQ+ Pride events across the country have had to scale back or even cancel due to political and financial reasons. San Francisco was on the brink. Kara St. Cyr reports.
The Lionel Richie and Earth, Wind & Fire concert scheduled for Thursday night at San Francisco's Chase Center was postponed because of a medical emergency involving a member of Earth, Wind & Fire.
Ariana Grande had been due to star alongside her "Wicked" co-star Jonathan Bailey in a production of "Sunday in the Park with George" in 2027.
A lawsuit alleges that a drive storing a $45 million spy film starring Nicolas Cage was "stolen right off a Netflix desk."
Four women say Hollywood star Jared Leto committed sexual crimes against them when they were teenagers, in interviews with the BBC.
Carly Simon, the singer known for 1970s hits like "You're So Vain," announced she has Parkinson's disease and also was treated for basal cell carcinoma.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
The mother of a 3-year-old boy who spent much of his life in hospitals had one simple wish for his birthday: for him to watch a basketball game. A community of strangers in San Anselmo made sure he got it.
Authorities in San Mateo County have made an arrest in connection with a massive fire that heavily damaged a condominium complex in Foster City over the weekend, as investigators determined the cause of the fire.
People in the U.S. use some four to six tubes of toothpaste per person each year, with billions of plastic tubes ending up in landfills.
A lawsuit challenging San Jose's use of automated license plate reader cameras marks the first major legal test of a crime-fighting tool now used in cities across the Bay Area. Maddie White reports.
A toxic chemical found underneath Kennedy High School in Richmond during campus renovation work has forced the closure of the campus just two weeks before the start of classes. Brad Hamilton reports.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.