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.
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Bankman-Fried, who was once worth $26.5 billion, said he had one working credit card and $100,000 left in a bank account.
Cryptocurrency firm BlockFi has filed for Chapter 11 bankruptcy protection following the collapse of FTX. BlockFi listed FTX as its second largest creditor, but expects any recoveries to be delayed. Duke University professor Sultan Meghji, former chief innovation officer for the Federal Deposit Insurance Corporation, joins CBS News to discuss.
The fourth crypto company to seek bankruptcy this year, BlockFi lists more than 100,000 creditors and had received a bailout from FTX.
Cryptocurrency lender BlockFi has filed for bankruptcy after more than 100 FTX companies also failed just weeks ago. Theodore Schleifer, a Silicon Valley reporter for Puck News, joins CBS News to discuss the global impact of the collapse of cryptocurrency exchange FTX and more.
Recouped funds are a fraction of the billions of dollars thought to have gone missing from the exchange's coffers.
The first bankruptcy hearing for collapsed crypto-currency exchange FTX revealed information on the firm's finances and its losses in billions of dollars. Wall Street Journal reporter Alexander Saeedy joins CBS News to talk about the first day in court.
Some of those assets are believed to have been seized by government officials in Bahamas, where company is based.
Bankruptcy court documents offer a glimpse of just how much the Bahamas-based crypto exchange is in debt.
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
The former FTX CEO tweeted a series of cryptic comments, adding that his "memory might be faulty in parts."
"People are going to be waiting on the sidelines for a very long time," said one law professor of the exchange's account holders.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
One of the world's most prominent cryptocurrency exchanges suddenly crashed and burned. Here's what happened.
FTX, one of the world's leading cryptocurrency exchanges, is now facing potential bankruptcy as the company scrambles to return remaining funds to investors amid collapse.
The company is losing $4 million a week as high-profile staffers resign, raising doubts that it can keep operating.
World's third-largest cryptocurrency exchange spent big on Super Bowl ads and stadium names. Now it's trying to survive.
Conspiracy theorist Alex Jones was ordered to pay nearly $1 billion to Sandy Hook families for calling the 2012 school shooting a hoax. Nikki Battiste reports.
Biden meets with Mexican Pres. Lopez Obrador; Texas power firm files for bankruptcy after storm
Russia’s offensive in eastern Ukraine is underway. Ukrainian President Volodymyr Zelenskyy vows that his country’s forces will fight to defend the area. Alex Jones's Infowars has filed for bankruptcy after numerous defamation suits from families of victims of the Sandy Hook Elementary School massacre. And a community in Florida’s Sarasota County had an unusual Easter Sunday visitor – a 10-foot alligator.
Russian troops have stepped up their assault on eastern Ukraine. European officials fear the key port city of Mariupol could fall in days. Florida Gov. Ron DeSantis is calling on state lawmakers to strip Disney World of its status letting it operate as an independent government around its theme parks, as their feud over the state’s “Don’t Say Gay” law heats up. And Major League Baseball may implement a pitch clock after a new report showed it shaved 20 minutes off minor league games.
US Postal Inspectors in New York City arrested Ralph Esmerian, "The Jeweler to the Stars." He is being charged with bankruptcy fraud steaming from over $210 million loans.
The trial seeks to force Jones to pay $150 million or more to the family of one of the children killed in the 2012 Sandy Hook Elementary School attack.
The crypto firm said most account activity is still "paused." It's unclear whether depositors will get their money back.
The first company to deliver an all-electric truck to customers has faced a recent stock plunge that has some questioning if it can avoid bankruptcy. CBS News senior environmental correspondent Ben Tracy reports.
Revlon filed for bankruptcy as the cosmetics giant struggles with supply chain issues, a steep drop in sales during the pandemic and competition from celebrities like Kylie Jenner and Rihanna, who have their own cosmetic lines.
Two U.S. Navy destroyers crossed the Strait of Hormuz as U.S. and Iranian negotiators meet for face-to-face negotiations amid a fragile truce.
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
A horde of 2028 Democratic presidential hopefuls attended Al Sharpton's National Action Network conference, nearly two years before the first primary votes will be cast.
The latest polls indicate that Viktor Orbán, an international ally of President Trump, and his Fidedz party are trailing the rival Tisza party.
The State Department said on Saturday it has revoked the green cards and detained the family of the Iranian regime propagandist known as "Screaming Mary."
The woman alleged the California gubernatorial candidate sexually assaulted her twice when she was too drunk to consent.
A man with a machete slashed and injured three people at Grand Central Station on Saturday before he was fatally shot by police, officials said.
The U.S. Court of Appeals for the District of Columbia Circuit said it did not have enough information to decide how much of the project can be suspended without jeopardizing the safety of the president.
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
The State Department said on Saturday it has revoked the green cards and detained the family of the Iranian regime propagandist known as "Screaming Mary."
George Strausman of Great Neck, New York, is 102 years old and still works four days a week in his family's construction business. But it's what he does on his day off that is even more remarkable.
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
The Netherlands' decision now goes to the European Commission for full authorization.
Could powerful AI models like Anthropic's Mythos give cybercriminals and other bad actors a roadmap for exploiting tech systems?
Kristalina Georgieva, the head of the International Monetary Fund, called on key institutions to work together to manage cybersecurity risks.
Financial industry leaders met to discuss potential cyber risks posed by Anthropic's latest AI model, which has found weaknesses in every major computer operating system.
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
The U.S. Court of Appeals for the District of Columbia Circuit said it did not have enough information to decide how much of the project can be suspended without jeopardizing the safety of the president.
A horde of 2028 Democratic presidential hopefuls attended Al Sharpton's National Action Network conference, nearly two years before the first primary votes will be cast.
The latest polls indicate that Viktor Orbán, an international ally of President Trump, and his Fidedz party are trailing the rival Tisza party.
The woman alleged the California gubernatorial candidate sexually assaulted her twice when she was too drunk to consent.
Kristalina Georgieva, the head of the International Monetary Fund, called on key institutions to work together to manage cybersecurity risks.
Jack Alston was used to migraines, but after two concussions in middle school, he was stuck with a headache that wouldn't go away.
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
The drugs were seized at London Gateway, a deep-sea container port about 30 miles from London.
The State Department said on Saturday it has revoked the green cards and detained the family of the Iranian regime propagandist known as "Screaming Mary."
The Netherlands' decision now goes to the European Commission for full authorization.
The Artemis II crew is back on Earth after a successful splashdown. Meanwhile, the world awaits results of U.S. and Iranian talks in Pakistan.
Journalist Roger Sharpe is known as the "The Man Who Saved Pinball," after he helped overturn New York City's 35-year ban on the game. "CBS Saturday Morning" sits down with Sharpe to discuss the 50th anniversary of a key moment in pinball history.
Chess master Levy Rozman join "CBS Saturday Morning" to discuss his newest book, "Chess for Babies," and how his online presence is changing the way people learn to play the game.
Theo Lawrence grew up outside of Paris, but developed his love for American country music by checking out records at his local library. He moved to Texas in 2023 and released his debut album, "Cherie." His next adventure is a coast-to-coast tour, including a stop at Nashville's Ryman Auditorium with Alison Krauss & Union Station. Here's Theo Lawrence performing "Dear Pillow."
Theo Lawrence grew up outside of Paris, but developed his love for American country music by checking out records at his local library. He moved to Texas in 2023 and released his debut album, "Cherie." His next adventure is a coast-to-coast tour, including a stop at Nashville's Ryman Auditorium with Alison Krauss & Union Station. Here's Theo Lawrence performing "California Poppy."
Anthropic has announced that it is teaming up with industry competitors to "secure the world's most critical software" from its own AI model, Mythos. New York Times reporter Mike Isaac joins "The Takeout" with more.
Could powerful AI models like Anthropic's Mythos give cybercriminals and other bad actors a roadmap for exploiting tech systems?
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.
A study by Gallup and the Walton Family Foundation looked into how Generation Z feels about using AI. Callie Holtermann, a reporter for The New York Times, joins CBS News with more.
A recent CBS News poll found 66% of Americans believe AI will decrease jobs. LinkedIn CEO Ryan Roslansky and chief economic opportunity officer Aneesh Raman share insights on the skills that professionals need to stay ahead of AI at work.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
The drugs were seized at London Gateway, a deep-sea container port about 30 miles from London.
Lynette Hooker was reported missing in the Bahamas one week ago by her husband, Brian, who said she fell off their boat. Hooker was arrested on Thursday in connection to his wife's disappearance. "CBS Saturday Morning" speaks with people who knew the couple to learn more.
A 9-year-old boy was rescued this week after living locked in his father's utility van in eastern France since 2024, according to the local prosecutor.
The U.S. Department of Homeland Security has been drawn into the case of a woman who was killed in a hammer attack last week at a gas station in Fort Myers, Florida, after a Haitian immigrant was taken into custody on homicide charges in connection with the attack. Nicole Valdes has the latest.
Lee Milne, 40, was sentenced to eight years in prison following his conviction in Glasgow's High Court for culpable homicide and engaging in abusive behavior.
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
NASA's Artemis II astronauts returned to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
The development of the mission mascot and viral sensation Rise began over a year before Artemis II blasted off.
Despite problems during the unpiloted Artemis I reentry, the Artemis II crew is confident their heat shield will protect them during a fiery descent to Earth.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
The Artemis II astronauts spoke following the successful completion of their mission. They splashed down on Friday night off the coast of San Diego. Retired Lieutenant Colonel David Mahan joins CBS News to discuss.
The Artemis II crew spoke publicly for the first time after their successful mission at the Ellington Field Joint Reserve Base in Houston, Texas.
Iran is reportedly planning to charge ships crossing the Strait of Hormuz a toll. CBS News contributor Joe Zacks has more.
U.S. officials are meeting Iranian and Pakistani officials in Islamabad on Saturday in direct talks, the White House says. CBS News' Haley Ott has more on the global reaction to the two-week ceasefire.
President Trump said the U.S. is "clearing out" the Strait of Hormuz on social media Saturday. Meanwhile, U.S. officials are meeting face-to-face with Iranian and Pakistani officials in Islamabad. CBS News' Taurean Small has the latest.