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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.
Monday, stocks saw the biggest drop in months due to a Chinese property developer on the brink of bankruptcy. CBS News business analyst Jill Schlesinger explains the impact on the market, what investors should do now and if this will impact the two-day Federal Reserve meeting.
The evidence from Hertz was finally obtained after Herbert Alford spent nearly five years in custody for a murder.
Biden meets with Mexican Pres. Lopez Obrador; Texas power firm files for bankruptcy after storm
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
Officials suspect that migratory birds likely spread the H5N1 virus there.
Chinese authorities haven't said how many children and adults were injured in the latest incident at a school, nor if it was an accident, or the latest in a series of attacks targeting kids.
A senior Israeli official has said openly that the West Bank should become part of Israel, not a future Palestine. Could it happen under Trump?
The families of eight school shooting victims opened their doors to Steve Hartman and photographer Lou Bopp, allowing them to document their children's bedrooms.
A judge has struck down Wyoming's overall ban on abortion and its first-in-the nation explicit prohibition on the use of medication to end pregnancy.
Jose Ibarra, 26, is charged with murder and other crimes in Laken Riley's death in February.
Stop & Shop stores across Massachusetts had empty shelves on Monday due to a cyberattack.
Arthur Frommer, whose "Europe on 5 Dollars a Day" guidebooks revolutionized leisure travel by persuading average Americans to take budget vacations abroad, has died. He was 95.
Officials suspect that migratory birds likely spread the H5N1 virus there.
Jose Ibarra, 26, is charged with murder and other crimes in Laken Riley's death in February.
A man pleaded guilty in the 2015 killings of a Georgia couple after a magnet fisher pulled in a rifle and other evidence linked to the case.
Texas public elementary schools could use teachings from the Bible in lessons under a proposal drawing intense opposition and praise.
A judge has struck down Wyoming's overall ban on abortion and its first-in-the nation explicit prohibition on the use of medication to end pregnancy.
Arthur Frommer, whose "Europe on 5 Dollars a Day" guidebooks revolutionized leisure travel by persuading average Americans to take budget vacations abroad, has died. He was 95.
"Inside the NBA" will continue on other networks, even though will no longer be airing on TNT at the end of this season.
Stop & Shop stores across Massachusetts have empty shelves due to a cyberattack.
Spirit's bankruptcy filing will likely mean higher airfares across airlines as it trims schedule, according to experts.
Robert F. Kennedy's Jr. push to remove fluoride from the nation's public water supply could benefit some companies. Here's why.
Texas public elementary schools could use teachings from the Bible in lessons under a proposal drawing intense opposition and praise.
President-elect Donald Trump says former Wisconsin Rep. Sean Duffy is his choice for transportation secretary as he continues to roll out picks for his Cabinet.
Robert F. Kennedy's Jr. push to remove fluoride from the nation's public water supply could benefit some companies. Here's why.
President-elect Donald Trump announced he selected former Florida Rep. Matt Gaetz to serve as attorney general.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
Officials suspect that migratory birds likely spread the H5N1 virus there.
Robert F. Kennedy's Jr. push to remove fluoride from the nation's public water supply could benefit some companies. Here's why.
Kennedy insists he is not "anti-vaccine," but he has a long record of false and misleading statements about their safety and benefits. What could he do as Trump's HHS secretary?
Canada's Bestar recalled wall beds only after learning of dozens of cases in which its beds detached from the walls, feds say.
E. coli outbreaks in food are making headlines, prompting questions about how to stay safe from the bacteria that can cause sickness.
As undersea cables are cut, Finland and Germany say Europe is threated not only bt Russia's war in Ukraine, but "from hybrid warfare by malicious actors."
A senior Israeli official has said openly that the West Bank should become part of Israel, not a future Palestine. Could it happen under Trump?
Parts of the Great Barrer Reef have suffered the highest coral mortality on record, Australian researchers say, and they fear the rest of it has suffered a similar fate.
Chinese authorities haven't said how many children and adults were injured in the latest incident at a school, nor if it was an accident, or the latest in a series of attacks targeting kids.
Ballet dancer Vladimir Shklyarov fell from a fifth-floor balcony after taking painkillers ahead of back surgery, Russian media reported.
Paul Teal's fiancée and fellow "One Tree Hill" actors shared tribute posts memorializing him.
"Inside the NBA" will continue on other networks, even though will no longer be airing on TNT at the end of this season.
The stars of Ridley Scott's "Gladiator II" discuss the film's legacy and stepping back into the world of ancient Rome.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Ridley Scott's latest masterpiece revisits the world of ancient Rome with new characters and intense drama. The cast of "Gladiator II" talks to Nate Burleson on working with Scott and carrying forward the spirit of the iconic original.
As climate change intensifies, the race for a more eco-friendly car has revved up. Itay Hod reports on the newest twist on travel.
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
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.
On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an illegal monopoly with Facebook, Instagram and WhatsApp. CBS News MoneyWatch correspondent Kelly O'Grady explains.
The Guardian says benefits of being on Elon Musk's social media platform X are outweighed by its "often disturbing content."
Parts of the Great Barrer Reef have suffered the highest coral mortality on record, Australian researchers say, and they fear the rest of it has suffered a similar fate.
President-elect Donald Trump has pledged to "drill, baby, drill" on Day 1 in office. CBS News national environmental correspondent David Schechter joins to take a closer look at the environmental impact of some of Trump's potential energy and climate policies.
2024 is on pace to be the hottest year on record worldwide. CBS News Los Angeles meteorologist and climatologist Marina Jurica reports that extreme weather events cost the global economy over $2 trillion in the last 10 years.
Scientists say they've discovered a "mega coral" three times bigger than the previous record holder - so huge they initially thought it was a shipwreck.
Seal-shaped boards decked with bright horizontal lights were less likely to be attacked by great white sharks, researchers found.
Jose Ibarra, 26, is charged with murder and other crimes in Laken Riley's death in February.
A man pleaded guilty in the 2015 killings of a Georgia couple after a magnet fisher pulled in a rifle and other evidence linked to the case.
California Gov. Gavin Newsom decided to defer the Menendez brothers' clemency decision to incoming District Attorney Nathan Hochman.
CBS News has learned the case against the man accused of killing a University of Georgia nursing student could be in the hands of the judge as early as Tuesday. Jose Ibarra, an undocumented immigrant from Venezuela, has pleaded not guilty to killing 22-year-old Laken Riley while she was jogging on campus in February. CBS News national correspondent Manuel Bojorquez has the latest from Athens, Georgia.
Officials say 13 people were shot during two incidents along a New Orleans "second line" parade route. CBS News' Kati Weis breaks down what's known.
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
With an Election Day docking, the cargo ship delivered 3 tons of supplies and equipment, including an unusual wooden satellite.
Two sister meteor showers are already flashing across night skies — and will peak a week apart.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
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.
President-elect Donald Trump has pledged to "drill, baby, drill" on Day 1 in office. CBS News national environmental correspondent David Schechter joins to take a closer look at the environmental impact of some of Trump's potential energy and climate policies.
There are signs of progress on at least one front of the conflict in the Middle East. CBS News senior foreign correspondent Elizabeth Palmer has the latest on reports of a cease-fire deal between Israel and Iran-backed Hezbollah in Lebanon.
Americans are bracing for President-elect Donald Trump's proposed tariff hikes on imported goods. CBS News MoneyWatch correspondent Kelly O'Grady looks at the potential economic impact. Then, small business owner Andy Gossett joins to discuss what the tariffs would mean for his outdoor sporting goods company.
At least two of President-elect Donald Trump's Cabinet picks are involved in controversy. Now there are questions about whether Matt Gaetz and Pete Hegseth have the support to get confirmed for their intended roles. CBS News congressional correspondent Nikole Killion has new reporting.
Spirit Airlines is filing for bankruptcy ahead of the busy holiday travel season. The budget airline has faced multiple setbacks recently, including rising labor costs and a failed merger with JetBlue. CBS News senior transportation correspondent Kris Van Cleave has more on what this means for travelers.