FTX files plan to fully reimburse customers it defrauded of billions
FTX says that nearly all of its customers will receive the money back they are owed, two years after the cryptocurrency exchange imploded.
FTX says that nearly all of its customers will receive the money back they are owed, two years after the cryptocurrency exchange imploded.
The peace and quiet of rural Bono, Arkansas, has been shattered by a loud and incessant mechanical buzzing sound created by a bitcoin mine. Residents are HODL.
Two men from the South Bay have been arrested on drugs and weapons charges following a months-long investigation into alleged drug sales on the dark web, San Jose police said Thursday.
A state appeals court Friday found a small crack in the fortress that a federal law has built around internet platform companies.
The value of bitcoin has climbed $25,000 since the start of the year, fueled by growing demand among mainstream investors.
Attorneys for Changpeng Zhao, who faces up to 10 years in prison, say he should be permitted to return to the UAE while awaiting sentencing.
Federal agents seized $9 million worth of cryptocurrency linked to a cyber scam organization that has exploited more than 70 victims, the U.S. Attorney's Office for the Northern District of California said Tuesday.
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.
Each spring, everyone who's anyone in the world of aerial firefighting converges on an open field just outside Redding for one of the biggest drills of the year.
A 7.5 acre property in Sebastopol with botanical garden and nursery is up for sale although its owner hoped he wouldn't have to leave the land he loves.
The Stanford Cardinal will now play on Tara VanDerveer Court inside Maples Pavilion.
The UC Board of Regents is expected to accept a recommendation that UCLA pay Cal $10 million a year for six years as a result of the Bruins' upcoming move to the Big Ten and the demise of the Pac-12.
The shooting was reported about 5:45 p.m. near McLaughlin Avenue and I-280.
Each spring, everyone who's anyone in the world of aerial firefighting converges on an open field just outside Redding for one of the biggest drills of the year.
A 7.5 acre property in Sebastopol with botanical garden and nursery is up for sale although its owner hoped he wouldn't have to leave the land he loves.
The UC Board of Regents is expected to accept a recommendation that UCLA pay Cal $10 million a year for six years as a result of the Bruins' upcoming move to the Big Ten and the demise of the Pac-12.
The shooting was reported about 5:45 p.m. near McLaughlin Avenue and I-280.
Most recyclables are ending up in landfills but one Bay Area city is hoping to remedy that situation with the help of its community.
A renowned family of San Francisco restauranteurs is branching out to a new type of cuisine - but one that's still close to home.
Michael Conforto homered and singled in a six-run second inning that sent the San Francisco Giants past the struggling Colorado Rockies 8-6.
A San Francisco man said he's being stalked and is the target of extremely hateful racist attacks — A doll with a noose was even delivered to his front door.
The story of a Bay Area Chinese-American girl who took the San Francisco school board to the Supreme Court in 1885 was recently published thanks to a retired attorney.
A Pacifica woman is being recognized for leading an annual ocean education program at a coastal school for over 30 years.
Officials with Oakland International Airport gave final approval to add "San Francisco Bay" to its name, rebuffing claims of trademark infringement from San Francisco city officials and from SFO.
Several vehicles were burned after a fire broke out at a residential neighborhood on Thursday.
The Oakland Zoo on Thursday asked for the public to vote on a name for a new male giraffe that recently arrived at the zoo.
The Antioch Unified School District Board on Wednesday decided to let embattled Superintendent Stephanie Anello keep her job despite claims that she ignored bullying among staff.
Weeks after human rights groups alleged antisemitic harassment of Jewish students in Berkeley public schools in the wake of the war in Gaza, two other rights groups have alleged anti-Palestinian, anti-Arab, and anti-Muslim racism against the school district.
Most recyclables are ending up in landfills but one Bay Area city is hoping to remedy that situation with the help of its community.
Four Santa Clara University students won first place in a developers challenge for the social media platform X this spring by pitching new features to check the truthfulness of content and provide more perspectives on any given topic.
A woman from Cupertino who ran for Santa Clara County sheriff in the primary election in 2022 was convicted this week of perjury for lying about having law enforcement experience required to qualify for the job.
A San Jose couple has been arrested on child endangerment and multiple drug charges after investigators conducting a raid said they found thousands of fentanyl pills, marijuana and cocaine near a baby.
Former Bay Area Congressman Paul "Pete" McCloskey died Wednesday of congestive heart failure at his home in Winters, California.
A 7.5 acre property in Sebastopol with botanical garden and nursery is up for sale although its owner hoped he wouldn't have to leave the land he loves.
A motorcyclist was killed in a crash with a vehicle that turned into his path in Rohnert Park Wednesday evening, authorities said.
The Napa Valley wine industry produced nearly $1 billion worth of wine grapes in 2023, but the industry is changing and demand may be plateauing.
Santa Rosa police released a photo of a vehicle wanted in connection to a hit-and-run that severely injured a motorcyclist.
Authorities on Tuesday said the shooting suspect who led police and CHP on a chase across the Bay Area, followed by an hours-long standoff on Interstate Highway 80 in Fairfield that ended with the man shooting himself, remains in critical condition.
The Stanford Cardinal will now play on Tara VanDerveer Court inside Maples Pavilion.
The UC Board of Regents is expected to accept a recommendation that UCLA pay Cal $10 million a year for six years as a result of the Bruins' upcoming move to the Big Ten and the demise of the Pac-12.
Ezequiel Tovar had a triple and double and Brenton Doyle hit a three-run homer in a seven-run outburst in the fourth inning as the Colorado Rockies snapped a four-game skid with a 9-1 win over the San Francisco Giants.
Jimmy Johnson, who played 16 seasons with the San Francisco 49ers and was enshrined in the Pro Football Hall of Fame, died at age 86.
Michael Conforto homered and singled in a six-run second inning that sent the San Francisco Giants past the struggling Colorado Rockies 8-6.
The shooting was reported about 5:45 p.m. near McLaughlin Avenue and I-280.
A woman from Cupertino who ran for Santa Clara County sheriff in the primary election in 2022 was convicted this week of perjury for lying about having law enforcement experience required to qualify for the job.
Sycamore Valley Elementary School in Danville was locked down Thursday morning after a report of a man with a rifle nearby, police said.
A San Jose couple has been arrested on child endangerment and multiple drug charges after investigators conducting a raid said they found thousands of fentanyl pills, marijuana and cocaine near a baby.
The suspect's girlfriend reportedly told investigators he showed up at her house and told her he had done something to "three gringos."
Four Santa Clara University students won first place in a developers challenge for the social media platform X this spring by pitching new features to check the truthfulness of content and provide more perspectives on any given topic.
A newly released ad promoting Apple's new iPad Pro has struck quite a nerve online prompting a public apology by the tech giant.
California could soon deploy generative artificial intelligence tools to help reduce traffic jams, make roads safer and provide tax guidance, among other things.
The annual RSA Conference, attended by cybersecurity experts and entrepreneurs, once again saw over 40,000 people from 130 countries gather at the Moscone Center.
The judge in Elon Musk's lawsuit against the co-founders of ChatGPT parent OpenAI on Monday entered a two-paragraph order disqualifying himself from continuing to preside.
Elon Musk's Neuralink finds a brain-computer interface device captured less data a month after implant surgery.
Officials with the California Department of Public Health issued a warning Wednesday to consumers seeking Botox injections and to healthcare providers, saying counterfeit Botox has been found in multiple states.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Across the Bay Area, communities are looking for ways to deal with mental health crises without involving police. Antioch created it's own private crisis response team, and after 12 months the city's mayor says results have been positive.
Recall includes yogurt pretzels and other confections sold by retailers such as Dollar General, HyVee, Target and Walmart.
Pres. Biden and first lady Jill Biden are in San Francisco for a quick Bay Area campaign fundraising trip. José Martínez reports. (5-9-24)
Officials with Oakland International Airport gave final approval to add "San Francisco Bay" to its name, rebuffing claims of trademark infringement from San Francisco city officials and from SFO.
The president left Washington, D.C. on Air Force One and was set to arrive Thursday evening at Moffett Field in Mountain View then will travel to San Francisco
A woman from Cupertino who ran for Santa Clara County sheriff in the primary election in 2022 was convicted this week of perjury for lying about having law enforcement experience required to qualify for the job.
Stormy Daniels gave defiant testimony Thursday as the defense accused her of fabricating details of the alleged sexual encounter between her and former President Donald Trump.
A Northern California school district is being sued by the state over allegations the district failed to carry out corrective actions in a controversial gender notification policy adopted last summer.
More than a third of LGBTQ young people seriously considered suicide in the past year, the survey found.
One of San Francisco's oldest LGBTQ bars, on Saturday the Stud re-opened it's doors for the first time in four years at a new location.
A California judge has tentatively sided with state Attorney General Rob Bonta in a dispute over the title of a proposed ballot measure that would require school staff to notify parents if their child asks to change gender identification at schools.
On Friday morning, a special ceremony held on board the USNS Harvey Milk paid homage to the San Francisco gay rights icon who is its namesake.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
Slayer's co-founding guitarist Kerry King talks about his new band that shares his name and their touring plans ahead of the upcoming release of the group's debut album 'From Hell I Rise.'
Brian Fox, a fellow producer and engineer at Albini's Electrical Audio studio in Chicago, confirmed Albini passed away Tuesday night from a heart attack.
The second annual Mill Valley Music Festival brings an eclectic array of talent to Marin County with performances by alt-folk band Fleet Foxes, modern roots-music masters Greensky Bluegrass, SoCal R&B band Thee Sacred Souls and more.
The 2024 Met Gala saw hundreds of celebrities looking their best on fashion's biggest night.
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.
A 7.5 acre property in Sebastopol with botanical garden and nursery is up for sale although its owner hoped he wouldn't have to leave the land he loves. Andrea Nakano reports. (5-9-24)
Smokejumper crews from both state and federal agencies met for a training event in Redding. Itay Hod reports. (5-9-24)
Pres. Biden and first lady Jill Biden are in San Francisco for a quick Bay Area campaign fundraising trip. José Martínez reports. (5-9-24)
CBS News Bay Area evening edition headlines for Thursday May 9, 2024. Watch full newscasts streamed at the CBS SF website or on the app. Website: http://kpix.com
Anthony Santamaria is one of six recycling ambassadors established as part of a new pilot program run by the city of San Jose. Anne Makovec and Molly McCrea report (5-9-24)
A Pacifica woman is being recognized for leading an annual ocean education program at a coastal school for over 30 years.
A San Francisco native is helping keep alive the city's historic Japantown, one of only three left in the U.S.
A Redwood City man changed his career path - from running Stanford's Digital Language Lab to going to beauty school - so he could serve his community in a way that's more meaningful to him.
A San Francisco-based nonprofit created by this week's Jefferson Award winner helps low income and unsheltered people stay healthy and feel good about themselves.
A trio who's led the way in keeping San Mateo County beaches clean is launching a whale of an idea for Earth Day.
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.
A onetime pupil has now become a student advisor, giving back after years of mentorship led him to success.
Police departments all over the country are having a hard time finding new officers, but one Bay Area student is criss-crossing the world while preparing for a career in law enforcement here at home.
When most people graduate from college, they tend to focus on one job. But this month's Students Rising Above scholar is currently juggling multiple workplace assignments.