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In his first live interview since his company filed for bankruptcy, disgraced FTX co-founder Sam Bankman-Fried denied committing fraud at the crypto exchange. Jim Baer, president of CMBG Advisors, joined CBS News to discuss Bankman-Fried's legal troubles.
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.
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.
The fourth crypto company to seek bankruptcy this year, BlockFi lists more than 100,000 creditors and had received a bailout from FTX.
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.
One of the world's most prominent cryptocurrency exchanges suddenly crashed and burned. Here's what happened.
The company is losing $4 million a week as high-profile staffers resign, raising doubts that it can keep operating.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
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.
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.
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.
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.
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.
A Delaware bankruptcy court judge has ordered Hertz to release data on auto theft reports filed against its customers. The decision comes after CBS News told the court the public had a right to see that information. CBS News' consumer investigative correspondent Anna Werner reports.
House Speaker Mike Johnson emerged from a meeting with his fellow Republicans on Friday and said he believed lawmakers would avoid a government shutdown.
A car drove into a crowd of revelers at a Christmas market in Magdeburg, Germany, and officials say they suspect it was a deliberate attack.
Republicans in the House are working to craft a plan to avert a government shutdown just hours before funding for agencies is set to lapse.
More than 119 million people will travel at least 50 miles from home between Saturday and New Year's Day, which would top the previous holiday-season high set in 2019, according to AAA.
An Indiana jury has convicted Allen in the murders of 14-year-old Liberty "Libby" German and 13-year-old Abigail "Abby" Williams who had vanished during a hike in Delphi in 2017.
Historians say Trump falsely said he was the only president to collect revenue from tariffs on Chinese goods, among other claims.
Hostage envoy Roger Carstens is in Syria making the first known in-person U.S. in-person contact with the caretaker government and seeking help in finding missing American Austin Tice.
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Workers at Starbucks stores in three cities plan to go on a five-day strike that could spread nationwide.
The Senate confirmed Benjamin Cheeks to the federal bench, marking its confirmation of the 234th judge selected by President Biden.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Here's what the anticipated record number of holiday travelers should know about how a government shutdown could affect trips.
Republicans in the House are working to craft a plan to avert a government shutdown just hours before funding for agencies is set to lapse.
Dreaming of a white Christmas? Dream on. Only a few areas of the U.S. are likely to see snow in the weather forecast for Christmas 2024.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Here's what the anticipated record number of holiday travelers should know about how a government shutdown could affect trips.
Millions of Medicare enrollees are likely to see relief in 2025 when a $2,000 cap on out-of-pocket prescription drug-spending goes into effect.
More than 119 million people will travel at least 50 miles from home between Saturday and New Year's Day, which would top the previous holiday-season high set in 2019, according to AAA.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
The Senate confirmed Benjamin Cheeks to the federal bench, marking its confirmation of the 234th judge selected by President Biden.
Historians say Trump falsely said he was the only president to collect revenue from tariffs on Chinese goods, among other claims.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Republicans in the House are working to craft a plan to avert a government shutdown just hours before funding for agencies is set to lapse.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Skin care is all the rage for teens and tweens these days, but be careful not to give products that could cause more harm than good.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
Sleep optimization, or "sleepmaxxing," is a popular trend among a younger demographic, but experts share a few words of caution.
A car drove into a crowd of revelers at a Christmas market in Magdeburg, Germany, and officials say they suspect it was a deliberate attack.
In a video, seemingly filmed with a camera worn by the shooter, a person carrying a handgun can be seen firing multiple shots in a parking garage.
One of the inmates with a gun held out for about three hours, protected by 20 fellow prisoners, officials said.
A 7-year-old girl was killed and at least five other students and a teacher were wounded in a knife attack at a school in Croatia, police said.
The Boeing 777 carrying 239 people disappeared from radar screens on March 8, 2014 while en route from Kuala Lumpur to Beijing.
Tyler Perry and Kerry Washington team up on the film "Six Triple Eight," spotlighting the only all-Black women's battalion in Europe during WWII. Washington stars as Charity Adams, the highest-ranking Black female officer.
The 16-time Grammy winner returned to the Professional Performing Arts School in New York, where she first began her career, and shares advice with current students.
As 2024 comes to a close, we took a look at some of the oddest Guinness World Records of the year.
For 90 years, the Apollo Theater has shaped American culture, launching icons like James Brown and Aretha Franklin. This year, it became the first institution honored by the Kennedy Center, cementing its legacy as a hub of innovation.
Sixteen-time Grammy winner Alicia Keys celebrates her Broadway musical "Hell's Kitchen" earning a Grammy nomination for Best Musical Theater Album. In an exclusive interview, she revisits her alma mater to honor the teacher who inspired her and surprises students.
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
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.
The Supreme Court plans to hear arguments in January on a challenge to a new law that could lead to the popular social media app TikTok being banned in the U.S. The Biden administration and lawmakers say the Chinese government's ability to collect data from TikTok poses a significant national security risk, while the app and its Chinese parent company ByteDance argue that the law is unconstitutional. CBS News Supreme Court producer Catherine Cole has more.
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Early Americans may have spent millennia sharing prehistoric savannas and wetlands with enormous beasts, research shows.
The Environmental Protection Agency under President Biden created a new Office of Environmental Justice that seeks to address pollution levels in disadvantaged and marginalized communities. However, there is concern that the incoming Trump administration could do away with the new department. David Schechter reports.
Giant hornets, dubbed "murder hornets," have been eradicated in the U.S., five years after the invasive species was first detected in Washington state.
World coal use is set to reach an all-time high in 2024, the International Energy Agency says, in a year all but certain to be the hottest in recorded history.
John Ramsey, JonBenét Ramsey's dad, says he thinks DNA technology will lead to an answer in his daughter's brutal murder. "48 Hours" correspondent Erin Moriarty breaks down her latest reporting on the case.
Richard Allen was sentenced to 130 years in prison for the 2017 murders of two teenage girls who disappeared in Delphi, Indiana. CBS News Chicago's Marrisa Perlman has more.
A federal complaint against Luigi Mangione included mentions of a notebook that investigators say he possessed, which apparently included hostile messages that could be used as evidence in the case against him. CBS News legal contributor Jessica Levinson has more.
Luigi Mangione is now detained in New York after his extradition from Pennsylvania. This comes as more details emerge about the federal charges he is now facing in connection to the killing of UnitedHealthcare CEO Brian Thompson. CBS News' Lilia Luciano reports.
Luigi Mangione, the suspect in the killing of UnitedHealthcare CEO Brian Thompson, appeared in federal court Thursday after waiving extradition in Pennsylvania and being transported back to New York. CBS News' Anna Schecter has more.
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A car plowed into the crowd at a Christmas market in Magdeburg, Germany, injuring more than 60 people, AFP reports. CBS News' Anna Noryskiewicz and Sam Vinograd have the latest on the apparent attack.
John Ramsey, JonBenét Ramsey's dad, says he thinks DNA technology will lead to an answer in his daughter's brutal murder. "48 Hours" correspondent Erin Moriarty breaks down her latest reporting on the case.
The House of Representatives is expected to vote Friday afternoon on a bill that could extend funding for the government past the midnight deadline. This comes after President-elect Donald Trump blasted Speaker Mike Johnson's bipartisan spending bill. CBS News' Caitlin Huey-Burns and Zak Hudak report.
A young wife and mother dies unexpectedly with a strange mix of drugs in her system. Investigators turn to her journals for answers. "48 Hours" correspondent Erin Moriarty reports Saturday, Dec. 28 at 10/9c on CBS and streaming on Paramount+.
Richard Allen was sentenced to 130 years in prison for the 2017 murders of two teenage girls who disappeared in Delphi, Indiana. CBS News Chicago's Marrisa Perlman has more.