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Genesis to pay $2 billion to victims of alleged cryptocurrency fraud
New York prosecutors allege that bankrupt crypto lender Genesis hid more than $1 billion in losses.
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New York prosecutors allege that bankrupt crypto lender Genesis hid more than $1 billion in losses.
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.
Brooklyn District Attorney Eric Gonzalez says his team successfully disrupted a cryptocurrency scam operation.
The Brooklyn district attorney announced Thursday his team successfully disrupted a cryptocurrency operation that defrauded people from across the country out of millions of dollars.
The $1 billion lawsuit alleges Portuguese soccer star Cristiano Ronaldo's promotion of the NFTs led people into costly and unsafe investments.
Sam Bankman-Fried, who oversaw the shocking collapse of cryptocurrency exchange FTX, could be sentenced to more than 100 years in prison after he was found guilty in one of the biggest fraud cases in U.S. history. Errol Barnett has more.
The former crypto billionaire pleaded not guilty to fraud and money laundering charges in his first court appearance since his bail was revoked.
Sam Bankman-Fried is accused of cheating his customers out of millions of dollars. CBS New York's Elijah Westbrook has the details.
The FTX founder reached out to witnesses and the defendant was remanded to a federal detention center, according to court records.
Court papers were delivered to the Hall of Famer after he eluded them for months, an attorney said.
The Securities and Exchange Commission announced charges against crypto entrepreneur Justin Sun and celebrity backers of his crypto asset companies Tronix and BitTorrent.
FTX founder duped customers by using their crypto to pay debts at hedge fund Alameda Research, prosecutors say.
Sam Bankman-Fried is due in a Manhattan federal courtroom Tuesday afternoon.
The co-founder of FTX faced a judge and is now set to live with his parents while he awaits trial, CBS2's Kevin Rincon reports.
The former boss of the failed crypto currency exchange FTX has been extradited from the Bahamas and is believed to here in New York. CBS2's Dick Brennan reports.
Samuel Bankman-Fried is facing multiple federal felony charges after the collapse of his company. CBS2's Jessica Moore reports.
Securities regulators claim Sam Bankman-Fried built a "house of cards" while telling investors their money was safe.
Samuel Bankman-Fried was arrested Monday in the Bahamas the request of federal prosecutors. CBS2's Elijah Westbrook has the details.
FTX was one of the world's largest cryptocurrencies before it collapsed last month, leaving at least 1 million investors unable to access their funds. CBS2's Kristine Johnson reports.
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
An examination of operations found the company's compliance with banking regulations had not kept up with growth.
New York's department of financial services has fined online brokerage Robinhood $30 million.
New York City officials say the global outage impacting Microsoft computers has not had a major impact on city operations.
The outages Friday were connected to "a defect found in a single content update for Windows hosts," CrowdStrike CEO George Kurtz said in a statement.
Customers expecting deliveries on Friday could face a wait following a software outage that's impacting flights across the globe.
Get ready for back-to-school and discover which Apple iPad models are best suited for college students in 2024.
The Wall Street Journal calls reporter Evan Gershkovich's conviction on spying charges in Russia "bogus," but it may clear the way for a prisoner swap.
New York City officials say the global outage impacting Microsoft computers has not had a major impact on city operations.
Hundreds of flights are canceled or delayed at NYC and New Jersey airports after a CrowdStrike update caused a global Microsoft outage.
New York City landlords would be required to provide air conditioning to their tenants under a bill introduced Thursday.
Self-driving shuttles are being tested out at John F. Kennedy International Airport. Right now, there are two shuttles, which transport people to and from their cars and the AirTrain.
The City Council passed a bill into law on Thursday that addresses two pieces of dress code legislation in New York City schools.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
New York and New Jersey coped with another day of excessive heat and humidity Wednesday, as well as severe weather.
Severe weather moved through parts of the Tri-State Area amid another heat wave Tuesday, causing widespread damage.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
Hundreds of flights are canceled or delayed at NYC and New Jersey airports after a CrowdStrike update caused a global Microsoft outage.
Despite many calls to resign, convicted Sen. Bob Menendez says he's staying put.
Heat-related cancellations and delays continued Thursday on NJ Transit lines, prompting anger from riders.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
Sen. Bob Menendez is refuting reports that he's planning to resign after he was convicted on federal bribery charges.
New York's next offshore wind farm, Sunrise Wind, will be seven times bigger than its first one.
Officials in Hempstead are warning beach goers about recent shark sightings and rough seas.
Nassau County Executive Bruce Blakeman signed a a controversial transgender athlete ban Monday which passed last month by the Nassau County legislature along party lines.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
"I am not supposed to be here tonight," former President Donald Trump said. "I stand before you in this arena only by the grace of almighty God."
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Former President Donald Trump publicly recounted the assassination attempt for the first time during a speech at the Republican National Convention.
Two senior House Democrats believe Biden could leave the 2024 presidential race within days after a pressure campaign from top Democratic lawmakers.
The City Council passed a bill into law on Thursday that addresses two pieces of dress code legislation in New York City schools.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
At least two cases of measles have been found in people staying at a New York City-run shelter for migrants in Brooklyn.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A first responder on Long Island is said to be the first in the country, outside a clinical trial, to undergo a life-saving surgery for peripheral artery disease.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Run-DMC's Darryl McDaniels will headline this weekend's free SummerStage concert at Flushing Meadows-Corona Park in Queens.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
Josef Martínez scored two second-half goals to help CF Montreal rally for a 2-2 tie with the New York Red Bulls.
Mounsef Bakrar and Talles Magno each scored a second-half goal to help New York City FC rally and play Atlanta United to a 2-2 tie.
Argentina won its second straight Copa America championship, overcoming Lionel Messi's second-half leg injury to beat Colombia 1-0 on Lautaro Martínez's 112th-minute goal.
Fans appeared to breach the security gates at Hard Rock Stadium hours before the Copa America final between Argentina and Colombia.
Michael Toglia hit three of the Rockies' six homrs in an 8-5 win over the Mets on Sunday.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
It's a tradition that dates back to 1887. Worshippers in Brooklyn paraded through the streets, a beloved Italian tradition.
Yehuda Beinin said his daughter was held in two different homes in Gaza for 54 days.
The New York City Department of Environmental Protection is installing seven miles of porous pavement in Brooklyn.
CBS New York first reported in April that drivers were illegally parking cars in a grassy area alongside a bike lane under the Queensboro Bridge. Since then, community members say they've seen little improvement.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
Banks, airlines, television networks and health systems around the world that rely on Microsoft 365 apps reported widespread outages Friday. Thousands of flights and train services were cancelled globally, including more than 1,000 in the U.S., and there were disruptions to many other public and retail services. Mayor Eric Adams and other officials discussed the impact of the outage in New York City.
Lily Hay Newman, senior writer at Wired magazine, spoke to CBS New York's Cindy Hsu about how the major Microsoft outage occurred early Friday morning.
A global Microsoft outage caused by a CrowdStrike issue early Friday morning impacted computer systems worldwide, grounding hundreds of flights at New York City airports. We have team coverage with Cindy Hsu, Natalie Duddridge, Christina Fan and Tony Sadiku.
CBS New York's John Elliott has the latest weather forecast.
CBS New York spoke with the city's Chief Technology Officer Matthew Fraser, who said "all of our critical systems are up and operational."