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.
FTX
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.
Bankman-Fried facing likely extradition
Federal prosecutors have charged Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency firm FTX, with fraud. He was arrested Monday in the Bahamas. Michael Parker, head of anti-money laundering and sanctions practice at Ferrari and Associates, joins CBS News' Elaine Quijano and Lana Zak on what happens next in the criminal case against Bankman-Fried.
Former FTX CEO arrested
Former FTX CEO Sam Bankman-Fried has been arrested in the Bahamas at the request of U.S. authorities. The U.S. Securities and Exchange Commission has charged him with orchestrating a scheme to defraud investors. Scott MacFarlane reports.
Former FTX CEO faces charges
Former FTX CEO Sam Bankman-Fried has been arrested in the Bahamas on criminal charges and faces extradition to the U.S.. He has also been charged by the Securities and Exchange Commission for allegedly defrauding investors in his cryptocurrency exchange. CBS News congressional correspondent Scott MacFarlane joins "CBS News Mornings" to explain the fallout on Capitol Hill, where Bankman-Fried had been scheduled to testify at a hearing today.
FTX founder faces criminal fraud charges
CBS News congressional correspondent Scott MacFarlane joined CBS News' Vladimir Duthiers and Anne-Marie Green with more on the criminal fraud charges filed in the U.S. against Sam Bankman-Fried, the founder of FTX who was arrested in the Bahamas after the cryptocurrency exchange's collapse.
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.
FTX founder Sam Bankman-Fried arrested
Sam Bankman-Fried, founder and former CEO of the FTX cryptocurrency exchange, which recently filed for bankruptcy, has been arrested in the Bahamas based on charges filed in the U.S. CBS News legal contributor Jessica Levinson joins John Dickerson on "Prime Time" with more on this breaking story.
"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.
FTX founder Sam Bankman-Fried plans to testify before Congress
Former FTX CEO tweeted that he's limited to what he can say and "won't be as helpful" as he would like to be.
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.
Bankrupt FTX Trading owes creditors more than $3 billion
Bankruptcy court documents offer a glimpse of just how much the Bahamas-based crypto exchange is in debt.
Tom Brady, Gisele Bundchen among those sued after FTX collapse
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
FTX's new CEO: Company suffered a "complete failure"
Bankrupt crypto exchange plagued by "complete absence of trustworthy financial information," CEO John Ray III said.
Sam Bankman-Fried tweets he'll explain "what happened" with FTX
The former FTX CEO tweeted a series of cryptic comments, adding that his "memory might be faulty in parts."
Yellen warns of "risky" cryptocurrency, touts "resilient" U.S. economy
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
Sam Bankman-Fried's crypto exchange FTX files for bankruptcy
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
FTX Trading meltdown: What you should know
One of the world's most prominent cryptocurrency exchanges suddenly crashed and burned. Here's what happened.
In a flash, FTX Trading goes from crypto boom to bust
World's third-largest cryptocurrency exchange spent big on Super Bowl ads and stadium names. Now it's trying to survive.
World's largest crypto platform Binance buys rival FTX Trading
The deal, announced via Twitter, would make Binance an even more dominant player in the cryptocurrency industry.
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John Bolton pleads guilty to retaining classified information
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Senate Democrats push for info on "anti-weaponization" fund, demand hearing
Led by Sen. Cory Booker of New Jersey, a group of Senate Democrats suggested the Justice Department violated its internal policies with the creation of the "anti-weaponization" fund.
Billionaire Leon Black testifying before House Epstein panel
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Judge in Charlie Kirk murder case finds prosecutor in contempt
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Paris bans alcohol in public amid record-breaking heatwave
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Led by Sen. Cory Booker of New Jersey, a group of Senate Democrats suggested the Justice Department violated its internal policies with the creation of the "anti-weaponization" fund.
Jalen Brunson's mom on teaching him to be a leader: "It's how you respond"
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Newsom proposes federal billionaire tax and AI "public equity" fund
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Nude portrait by Amedeo Modigliani sets record at auction
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Apple and Microsoft are raising their prices as chip costs soar
Apple is raising the prices of some MacBooks and iPads, while Microsoft is raising Xbox prices as semiconductor costs surge.
Big Tech is spending trillions on AI. Investors want proof it'll pay off.
Technology companies are betting trillions of dollars that consumers will open their wallets for AI services. But what if Big Tech is wrong?
Supreme Court sides with Monsanto in case over cancer risks from weedkiller
The Supreme Court ruled that Monsanto cannot be held liable under state laws for failing to warn consumers about the alleged cancer risks of its weedkiller Roundup on its label.
Fed's preferred inflation gauge hits 3-year high
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"Regime Change" authors on Trump's "information bubble" and use of power
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John Bolton pleads guilty to retaining classified information
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Billionaire Leon Black testifying before House Epstein panel
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Internal emails show how RFK Jr.'s team sought to sway the CDC
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Chris Evert announces her ovarian cancer has returned
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Democrats to propose bill capping out-of-pocket Medicare costs for enrollees
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Medicare's AI push snarls patients and doctors in errors and delays
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Confirmed Ebola cases in Congo top 1,000, deaths surpass 250, officials say
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4 people convicted over insecticide deaths of tourist family at hotel
Investigators initially suspected food poisoning, but that was quickly dismissed after Turkish media reported that their hotel was dealing with a bedbug infestation.
Ukraine launches huge drone attack on Russia and occupied Crimea
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AI helps decode new secrets from scrolls burned by Mount Vesuvius
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Paris bans alcohol in public amid record-breaking heatwave
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Slow progress toward peace deal as Iran strikes ship in Strait of Hormuz
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Apple, Microsoft announce price hikes
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4 people convicted over insecticide deaths of tourist family at hotel
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Bolton pleads guilty to classified info charge
Former Trump national security adviser John Bolton pleaded guilty to one count of retaining classified government information. CBS News legal contributor Jessica Levinson has more details.
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