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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At least 12 states report cyberattacks on water systems possibly linked to Iran
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Meta says its AI model breached a third-party company during testing
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Meta says its AI model breached a third-party company during testing
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.
FDA approves Moderna's mRNA flu vaccine after initial pushback
The U.S. Food and Drug Administration has approved a new seasonal flu vaccine from Moderna that uses mRNA technology, the drugmaker announced.
Most detailed images taken of sun's surface revealed: "Major step forward"
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
More rescued beluga whales arrive in Texas as relocation effort continues
SeaWorld San Antonio welcomed seven more beluga whales on Tuesday, the latest development in the international effort to relocate dozens of the mammals from shuttered Canadian theme park Marineland.
Cyclospora outbreak tied to lettuce now linked to 15 states, CDC says
Cyclospora cases have been reported in at least 47 states total this year, and investigators have continued to probe how many could be linked to a common contaminated source.
MoneyWatch
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Meta says its AI model breached a third-party company during testing
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.
FDA approves Moderna's mRNA flu vaccine after initial pushback
The U.S. Food and Drug Administration has approved a new seasonal flu vaccine from Moderna that uses mRNA technology, the drugmaker announced.
Some Gen Zers swap smartphones for "dumb" phones in a bid to unplug
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Why SpaceX stock is falling despite strong revenue growth
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Disney partners with TikTok to offer creator content on its app
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Trump denies U.S. running low on some munitions, says vast resupplies being made
President Trump is taking issue with recent reports of significant U.S. munitions shortages due to the war with Iran.
House candidate wins primary despite ending campaign, beating Trump endorsee
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FAA probing Marine One safety incident around National Airport
When the helicopter that transports President Trump crosses the Potomac, Reagan Washington National Airport is required to impose a ground stop on air traffic.
Senate confirms Dr. Erica Schwartz as CDC director
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$25 million reward offered for U.S.-born leader of powerful cartel
Juan Carlos González is the stepson of "El Mencho," who was killed by the Mexican military.
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FDA approves Moderna's mRNA flu vaccine after initial pushback
The U.S. Food and Drug Administration has approved a new seasonal flu vaccine from Moderna that uses mRNA technology, the drugmaker announced.
Toddler twins reunited after cancer treatment
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Cyclospora outbreak tied to lettuce now linked to 15 states, CDC says
Cyclospora cases have been reported in at least 47 states total this year, and investigators have continued to probe how many could be linked to a common contaminated source.
Qdoba removes jalapeños as salmonella outbreak spreads to 27 states
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As FDA approves marketing for nicotine pouches, some doctors sound alarms
One health advocate called nicotine pouches a "profound risk" for young people.
World
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Trump denies U.S. running low on some munitions, says vast resupplies being made
President Trump is taking issue with recent reports of significant U.S. munitions shortages due to the war with Iran.
More rescued beluga whales arrive in Texas as relocation effort continues
SeaWorld San Antonio welcomed seven more beluga whales on Tuesday, the latest development in the international effort to relocate dozens of the mammals from shuttered Canadian theme park Marineland.
$25 million reward offered for U.S.-born leader of powerful cartel
Juan Carlos González is the stepson of "El Mencho," who was killed by the Mexican military.
Baby "cocaine hippo" linked to infamous drug lord is rescued in Colombia
Colombia has around 200 so-called "cocaine hippos" living in the wild, all of which descended from a colony brought to South America by slain cocaine kingpin Pablo Escobar.
Record-low Danube River levels threaten shutdown of Hungary's nuclear plant
Three of four units of Hungary's Paks nuclear power plant were not in operation and the fourth was operating at about 50%, as of Wednesday morning.
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Entertainment
Inside the risky business of Broadway musicals
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Aaron Pierre talks new series, "Lanterns"
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Stranger rescues band from car troubles
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Ariana Grande on her plans to take break
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Jordan Roth talks "The Shards"
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Technology
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Meta says its AI model breached a third-party company during testing
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 behaving unexpectedly. Experts warn of a "bumpy road" ahead.
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.
How AI powered robots are helping small farms
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At least 12 states report cyberattacks on water systems possibly linked to Iran
Cyberattacks on U.S. water systems that officials suspect may be linked to Iran-backed hackers have been reported in at least a dozen states, sources familiar with the matter told CBS News.
Anthropic AI created fake profiles in hack
Two of the most powerful artificial intelligence agents created fake human profiles to try to trick people in attempted cyberattacks. Mashable tech editor Tim Werth joins CBS News to discuss.
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Most detailed images taken of sun's surface revealed: "Major step forward"
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
Bezos, DiCaprio set up massive wildlife fund
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Dramatic photos show lava spewing from Fuego volcano in Guatemala
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Rare footage of humpback whale birth captured on drone video
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Rare video shows humpback whale birth
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Questions about company in L.A. warehouse fire
Matt Gutman investigates Lineage Logistics, the company involved in the Los Angeles warehouse fire that left tens of millions of pounds of meat to rot, forcing a whole community to face foul odors and other health hazards.
Details on man arrested near Trump golf club
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New Mexico AG on suing DOJ over Epstein files
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Water system cyberattacks spread to more states
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Latest details from Lindsay Clancy trial
The murder trial of Lindsay Clancy wrapped its seventh day on Wednesday. Clancy has admitted to killing her three children, but her defense says she was experiencing an extreme mental health crisis at the time of their deaths. CBS News' Shanelle Kaul has more.
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Most detailed images taken of sun's surface revealed: "Major step forward"
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
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Meteorite that hit home contains "alien world chemistry," experts say
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Ex-Sanders campaign adviser on El-Sayed's win
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LIV Golf secures "lead investor" for 2027 season
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Former Defense Sec. Chuck Hagel on Iran war
Former Defense Secretary Chuck Hagel served from 2013 to 2015 in the Obama administration. He joins CBS News to discuss the latest developments in the Iran war as congressional lawmakers ask for more transparency and information about the conflict.
Inside the risky business of Broadway musicals
The costs of a Broadway musical production have skyrocketed in recent years. CBS News contributor Jamie Wax reports.
Unnerving report about AI deception
The United Kingdom's AI Security Institute reports that models from Anthropic and OpenAI "engaged in sustained, potentially harmful activity directed at real people and organizations" when they created fake identities in a deception attempt during a recent cybersecurity test. CBS News' Jo Ling Kent reports.