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.
California firefighters, police officers and other public safety employees rallied at the state Capitol this week, urging Gov. Gavin Newsom to sign legislation that supporters say would allow first responders to retire earlier and improve their retirement benefits.
Dreamforce 2026 is once again bringing thousands of people to downtown San Francisco, providing a major boost for local businesses and giving city leaders another opportunity to showcase the city to visitors from around the world.
The Dome Fire in California's Yosemite National Park has rapidly grown as firefighters work to slow the flames burning in steep terrain in Mariposa County.
The California High-Speed Rail Authority paid out more than half a million dollars to consultants for wasteful expenses such as first-class flights and trips to nightclubs, a state watchdog said.
A former East Bay financial advisor was sentenced on Wednesday to nine years in federal prison for running a decades-long Ponzi scheme that defrauded investors out of nearly $10 million, authorities said.
California firefighters, police officers and other public safety employees rallied at the state Capitol this week, urging Gov. Gavin Newsom to sign legislation that supporters say would allow first responders to retire earlier and improve their retirement benefits.
Dreamforce 2026 is once again bringing thousands of people to downtown San Francisco, providing a major boost for local businesses and giving city leaders another opportunity to showcase the city to visitors from around the world.
The Dome Fire in California's Yosemite National Park has rapidly grown as firefighters work to slow the flames burning in steep terrain in Mariposa County.
The California High-Speed Rail Authority paid out more than half a million dollars to consultants for wasteful expenses such as first-class flights and trips to nightclubs, a state watchdog said.
A former East Bay financial advisor was sentenced on Wednesday to nine years in federal prison for running a decades-long Ponzi scheme that defrauded investors out of nearly $10 million, authorities said.
Musicians and management remain divided over pay, with the orchestra rejecting proposed cuts and the Opera citing a $15 million annual deficit.
Moving forward, there will be free health and wellness events at the Presidio, including outdoor yoga and an outdoor wellness installation in 2027 through Sutter Health's partnership with the San Francisco 49ers.
More than a month after a fire destroyed dozens of units at a Foster City condominium complex, some families are still struggling to rebuild their lives.
A San Francisco judge sentenced a man to multiple life sentences after he was found guilty of violent sexual assaults and kidnappings while posing as a rideshare driver, prosecutors said.
In July, San Francisco recorded 34 fatal overdoses - the lowest monthly total since drug deaths were recorded in 2020. Now, a new street drug could slow down the city's road to recovery.
A former East Bay financial advisor was sentenced on Wednesday to nine years in federal prison for running a decades-long Ponzi scheme that defrauded investors out of nearly $10 million, authorities said.
The idea of establishing a coal transport base next to the Port of Oakland isn't new, and neither is the fight it caused in West Oakland. But in July, President Trump rekindled the issue when he signed an order to give $75 million for the project.
Before the sun rose Tuesday morning, a sweep of Berkeley's long-established and embattled Harrison encampment began.
A fire burned at a four-story apartment building in Oakland on Tuesday.
Oakland is implementing a new encampment policy that allows inhabited vehicles to be cited and towed more quickly, drawing the ire of RV dwellers who say the city is reneging on its promises.
A San Jose police officer was fired after using a personal device to access automated license plate reader data while off-duty, the police chief said.
A judge on Friday granted a preliminary injunction blocking further construction of a U.S. Immigration and Customs Enforcement facility in Santa Clara County near Gilroy.
It was a normal field survey along the California coastline in San Mateo County that turned into a fascinating discovery.
The Los Gatos community came together Friday night to remember two residents taken in the terrorist attacks of 9/11.
Perched on a cliff overlooking the Pacific, Nepenthe has been a fixture along Big Sur's Highway 1 for more than seven decades.
Four people were arrested days after an assault in downtown Sonoma that left a man dead, authorities said.
A growing number of residents in two Northern California counties have been allowed to return home as firefighters increased containment on the Lucas Fire burning near the Mendocino National Forest.
A masseuse in the North Bay was arrested following the alleged sexual assaults of two customers at a massage parlor over the weekend, authorities said.
A shooting in San Rafael injured the alleged gunman who was later tracked down with a police drone, authorities said.
Firefighters in Northern California continued to increase containment on the Lucas Fire burning near the Mendocino National Forest, as evacuations remained in effect Sunday.
Quinn Mathews took a no-hitter into the sixth inning and Alec Burleson had an RBI single to lead the St. Louis Cardinals to a 2-1 victory over the San Francisco Giants.
Manny Machado hit a two-run homer and the San Diego Padres ran their winning streak to seven games with a 6-4 victory over the San Francisco Giants on Sunday night.
Germany's Alexander Zverev won his second Grand Slam after finally taking home his first major title earlier this year at the French Open.
San Francisco's Rafael Devers' season is over and he may have surgery for a core muscle injury.
Despite the final score, this one wasn't easy; the Americans faced their biggest deficit in the tournament in a long time.
A former East Bay financial advisor was sentenced on Wednesday to nine years in federal prison for running a decades-long Ponzi scheme that defrauded investors out of nearly $10 million, authorities said.
Four people were arrested days after an assault in downtown Sonoma that left a man dead, authorities said.
A masseuse in the North Bay was arrested following the alleged sexual assaults of two customers at a massage parlor over the weekend, authorities said.
A shooting in San Rafael injured the alleged gunman who was later tracked down with a police drone, authorities said.
A San Francisco judge sentenced a man to multiple life sentences after he was found guilty of violent sexual assaults and kidnappings while posing as a rideshare driver, prosecutors said.
About 43,000 people are expected to attend the annual AI and enterprise tech conference hosted by Salesforce which comes amid calls for a slowdown in AI developments.
Top OpenAI executive endorses plan that would require AI companies to submit their technology to third-party reviews to assess their safety.
Sen. Bernie Sanders is one of the most vocal opponents in Congress on rapid AI development, but bipartisan concerns are growing.
Some San Francisco officials are looking to pause the construction of any new data centers that support the exploding AI industry.
AI has fueled a stock boom in recent years. Now, some Wall Street analysts think that epic run is coming to an end.
Officials in the East Bay city of Berkeley have issued a warning to residents and doctors amid a rising number of bats that have tested positive for rabies.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Multiple unpermitted street food vendors in Fairfield were cited for violations last week after inspections found them selling food unsafe for public consumption, authorities said.
After weeks of uncertainty, students at Richmond's John F. Kennedy High School will start their classes on schedule after weeks after toxic chemicals were found underneath the campus.
California firefighters, police officers and other public safety employees rallied at the state Capitol this week, urging Gov. Gavin Newsom to sign legislation that supporters say would allow first responders to retire earlier and improve their retirement benefits.
Qualifying collector cars will gradually become exempt from smog checks beginning Jan. 1, 2028.
The Trump administration has announced that it will impose travel bans on officials it claims are responsible for discrimination against White people and other minority groups in South Africa.
The previous votes have failed to stop President Trump from waging war with Iran.
The idea of establishing a coal transport base next to the Port of Oakland isn't new, and neither is the fight it caused in West Oakland. But in July, President Trump rekindled the issue when he signed an order to give $75 million for the project.
California Attorney General Rob Bonta has joined a coalition of 19 attorneys general in supporting a federal lawsuit challenging Idaho's law that bars transgender students from using school restrooms and other sex-separated facilities that align with their gender identity.
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.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
Season-opening performances of the San Francisco Opera have been canceled, as orchestra musicians announced a strike.
Celine Dion's return to the stage underscored a remarkable comeback after stiff-person syndrome, an incurable condition that causes stiffness and cramps, forced her to cancel shows and cast years of uncertainty over whether she would ever perform again.
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.
John Ramos reports.
with Darren Peck.
Dreamforce, one of the biggest conferences San Francisco hosts every year, has an impact on the city that goes far beyond the Moscone Center. Brad Hamilton reports.
Meteorologist Jessica Burch says the cooldown continues on Wednesday and will hold throughout the end of the week.
Kevin Ko 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.