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.
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billionaire pleaded not guilty to fraud and money laundering charges in his first court appearance since his bail was revoked.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.
Gerrit Cole struck out eight in six strong innings, Juan Soto went 4 for 4 and the New York Yankees beat the Tampa Bay Rays 6-1.
Jake Burger homered and doubled to help the Miami Marlins beat the New York Mets 6-4 on Friday night.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
NJ Transit says regular weekend schedules will be in effect beginning Saturday, and regular weekday service will resume Monday.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
NJ Transit says regular weekend schedules will be in effect beginning Saturday, and regular weekday service will resume Monday.
The situation for a NYCHA tenant has gone from bad to worse after ankle-deep water inundated her Brooklyn apartment during a storm.
A new sculpture featuring the likeness of one of hip-hop's first DJs plays a specially curated mix, powered by solar panels.
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.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
NJ Transit says regular weekend schedules will be in effect beginning Saturday, and regular weekday service will resume Monday.
Hundreds of flights were 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.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
According to prosecutors, the alleged drunk driver who crashed into a Long Island nail salon in June, killing four people, had a blood alcohol level that was more than twice the legal limit.
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.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
More than two dozen House Democrats and four senators have now called on President Biden to end his reelection bid.
Weisselberg was sentenced in April to five months in Rikers Island, in line with a plea agreement over his alleged perjury in a 2023 civil fraud case.
"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.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
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.
A new sculpture featuring the likeness of one of hip-hop's first DJs plays a specially curated mix, powered by solar panels.
Prosecutors have been preparing to retry the disgraced movie mogul since the New York Court of Appeals overturned his 2020 rape conviction.
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.
Gerrit Cole struck out eight in six strong innings, Juan Soto went 4 for 4 and the New York Yankees beat the Tampa Bay Rays 6-1.
Jake Burger homered and doubled to help the Miami Marlins beat the New York Mets 6-4 on Friday night.
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.
The situation for a NYCHA tenant has gone from bad to worse after ankle-deep water inundated her Brooklyn apartment during a storm.
A new sculpture featuring the likeness of one of hip-hop's first DJs plays a specially curated mix, powered by solar panels.
A legal battle is brewing between some New York City tenants and Mayor Eric Adams over rental assistance laws.
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.
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.
CBS New York's Lonnie Quinn has your First Alert Forecast for July 19 at 11 p.m.
Security video shows a person smashing statues outside Saint Thomas Catholic Church on East 221st Street in the Bronx.
Police in Morris County, New Jersey are investigating the hot car death of an infant. Investigators said the 6-month-old girl was left unattended in a car in East Hanover on Thursday.
Police have released video showing the suspect accused of randomly punching an 89-year-old woman in the face in Greenwich Village on July 10.
The pressure is increasing on President Joe Biden to step down even though he says he's ready to get back on the campaign trail after he recovers from COVID. CBS New York's Derick Waller reports.