FTX customers file lawsuit seeking to recover crypto assets
Users of the cryptocurrency exchange accuse it of stealing their assets and stopping them from making withdrawals.
Users of the cryptocurrency exchange accuse it of stealing their assets and stopping them from making withdrawals.
The collapse of cryptocurrency exchange FTX has sent shockwaves across the industry. The company's founder, Sam Bankman-Fried, is under house arrest after his extradition to the U.S. last week. Laila Maidan, an investing correspondent for Business Insider, joined CBS News with more on the FTX collapse and its impact on the crypto industry in the upcoming year.
The founder of now-collapsed cryptocurrency exchange FTX will be under house arrest in California after being released on $250 million bail. CBS News correspondent Lilia Luciano joins "CBS News Mornings" to explain why the judge decided to allow bail.
Disgraced FTX founder Sam Bankman-Fried left a Bahamian courthouse late Wednesday after agreeing to be extradited to the U.S. to face criminal charges. He has spent more than a week in jail after being arrested at the request of U.S. federal prosecutors. Lilia Luciano has the details.
Binance, one of the world's largest cryptocurrency exchanges, is facing questions about its business model and the stability of crypto markets. Binance chief strategy officer Patrick Hillmann joins CBS News to discuss the impact FTX's collapse is having on the market.
Bankman-Fried was arrested last Monday in the Bahamas at the request of the U.S. government based on charges of wire fraud and conspiracy.
Former FTX CEO Sam Bankman-Fried appeared in a Bahamas court Monday and was expected not to fight U.S. extradition. Laila Maidan, investing correspondent with Insider, joins CBS News' Lilia Luciano and Lana Zak with more on the fallout from the FTX collapse.
A bankruptcy court is hearing FTX's case days after its founder Sam Bankman-Fried was charged with fraud. He told the Wall Street Journal prior to his arrest that he did not know about potential fraud at his company, and "can only guess" where billions of dollars from his customers went. WSJ reporter Alexander Osipovich interviewed Bankman-Fried, and joins CBS News to discuss the former CEO and the ongoing investigations into his failed crypto company.
Federal prosecutors charged FTX Trading founder Sam Bankman-Fried with eight counts including fraud, money laundering and other financial crimes. Scott MacFarlane reports.
FTX founder Sam Bankman-Fried is facing a slew of federal fraud and money laundering charges following the collapse of his crypto exchange. CBS congressional correspondent Scott MacFarlane breaks down the latest in the investigation from Capitol Hill.
The House Committee on Financial Services held a hearing on the collapse of FTX Tuesday. FTX founder Sam Bankman-Fried had been scheduled to testify, but was arrested Monday on fraud and money laundering charges. CBS News congressional correspondent Scott MacFarlane, and CBS News Radio White House correspondent Steven Portnoy, discussed the latest on this story and more on "Red and Blue."
Once hailed as a genius, the 30-year-old MIT grad now faces multiple charges of fraud following the collapse of his crypto firm.
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.
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 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.
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.
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
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.
New crypto exchange chief points to massive failures under Sam Bankman-Fried ahead of House committee hearing.
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.
DOJ officials want to investigate "allegations of fraud, dishonesty, incompetence, misconduct and mismanagement."
Bankman-Fried, who was once worth $26.5 billion, said he had one working credit card and $100,000 left in a bank account.
Recouped funds are a fraction of the billions of dollars thought to have gone missing from the exchange's coffers.
Total value of cryptocurrencies has fallen more than $1 trillion this year as investor sentiment sours.
Bankruptcy court documents offer a glimpse of just how much the Bahamas-based crypto exchange is in debt.
Ohio Sen. JD Vance formally accepted the vice-presidential nomination at the third night of the Republican National Convention.
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.
President Biden said, "I feel good," after the White House announced he had tested positive for COVID-19 and was experiencing mild symptoms.
Former President Donald Trump is slated to accept the GOP's nomination for president on the fourth and last day of the Republican National Convention.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
Vice President Kamala Harris said Vance "participated in blocking protections for IVF" and has indicated he backs a national abortion ban.
A man convicted of killing a delivery driver who stopped for cash at an ATM to take his wife to dinner is scheduled for execution in Alabama, which has agreed to forgo the usual post-execution autopsy.
"CBS Mornings" got an exclusive first look at the 47th class of Kennedy Center honorees, who will be celebrated for their lifetime artistic achievements and impact on American culture.
Wall Street Journal reporter Evan Gershkovich appeared in court in Russia for the second hearing in his trial on espionage charges that he, his employer and the U.S. government vehemently deny.
Ingrid Ciprián-Matthews, the first Latina to lead the news division, was inducted into the National Association of Hispanic Journalists' Hall of Fame.
"CBS Mornings" got an exclusive first look at the 47th class of Kennedy Center honorees, who will be celebrated for their lifetime artistic achievements and impact on American culture.
Former President Donald Trump is slated to accept the GOP's nomination for president on the fourth and last day of the Republican National Convention.
A man convicted of killing a delivery driver who stopped for cash at an ATM to take his wife to dinner is scheduled for execution in Alabama, which has agreed to forgo the usual post-execution autopsy.
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.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
The popular cooler bags are back in stock at Trader Joe's stores today. Some locations are setting purchasing limits.
Nearly 7,000 pounds of hot dogs were produced and distributed without being inspected, federal government says.
Baby formula maker Reckitt said tornado damage to an Indiana warehouse could affect supplies of its nutrition products.
The dinosaur fossil of a Stegosaurus nicknamed Apex fetched 10 times its estimate at a Sotheby's auction on Wednesday.
Former President Donald Trump is slated to accept the GOP's nomination for president on the fourth and last day of the Republican National Convention.
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.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
The Biden campaign sees no substantial change in the president's prospects of securing the Democratic nomination and eventually resuscitating his campaign after another day of rough headlines, sources say.
Usha Vance introduced husband JD Vance at the RNC, telling the delegates that when she met him at Yale Law School, his "idea of a good time was playing with puppies and watching the movie 'Babe.'"
Public safety and health care organizations are using drones to speed up lifesaving treatment during medical emergencies in which every second counts.
For years, Tennessee has required anyone convicted of prostitution while HIV-positive to register as a sex offender for life. To settle DOJ and ACLU discrimination suits, the state has agreed to reverse course.
Nearly 7,000 pounds of hot dogs were produced and distributed without being inspected, federal government says.
At least 36 have been hospitalized after eating the mushroom "edibles."
A workout that mindlessly tones your arms while getting some cardio in? If it sounds too good to be true, that's because it may be. Here's what experts say.
More women, children and entire families have fallen victim to indiscriminate violence in areas where drug cartels are fighting bloody turf battles.
Wall Street Journal reporter Evan Gershkovich appeared in court in Russia for the second hearing in his trial on espionage charges that he, his employer and the U.S. government vehemently deny.
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
The remains of a medieval palace that may have housed the early peoples between the 9th and 13 centuries was uncovered in Rome.
Jack Black said he has put all future creative plans on hold after Tenacious D bandmate Kyle Gass made a controversial comment about the Trump rally shooting.
The 47th class of Kennedy Center honorees was revealed on "CBS Mornings" Thursday. The star-studded list of recipients includes award-winning filmmaker Francis Ford Coppola, legendary rock band the Grateful Dead, blues rock singer-songwriter Bonnie Raitt, jazz musician and composer Arturo Sandoval and the Apollo.
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.
The armorer on Alec Baldwin movie "Rust" filed to have her involuntary manslaughter conviction overturned, days after Baldwin's trial over a fatal on-set shooting collapsed due to withheld evidence.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
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.
Apple users can now download an early version of a new iPhone operating system that will be officially released this fall.
AT&T on Friday disclosed that hackers had accessed records of calls and texts of "nearly all" its cellular customers for a six-month period between May 1, 2022, and Oct. 31, 2022. Jo Ling Kent reports.
The melting of glaciers and polar ice sheets causes water to move closer to the equator, fattening the planet and slowing its rotation, according to a recent study.
Spade-toothed whales are the world's rarest, with no live sightings ever recorded. Until, perhaps, now. One may have washed up onto a New Zealand beach.
Symptoms among the new bird flu cases included "fever, chills, coughing and sore throat/runny nose," alongside pink eye and eye tearing, a CDC spokesperson confirmed Monday.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
The 2024 Atlantic hurricane season got off to a deadly start as Hurricane Beryl tore across the Caribbean, Mexico and eventually the U.S.
Kayla Wright's body was found in a truck-bed-style toolbox on a sandbar in the Missisquoi River in February.
A man convicted of killing a delivery driver who stopped for cash at an ATM to take his wife to dinner is scheduled for execution in Alabama, which has agreed to forgo the usual post-execution autopsy.
More women, children and entire families have fallen victim to indiscriminate violence in areas where drug cartels are fighting bloody turf battles.
For years, Tennessee has required anyone convicted of prostitution while HIV-positive to register as a sex offender for life. To settle DOJ and ACLU discrimination suits, the state has agreed to reverse course.
The six people who were found dead this week in a Thailand hotel room are believed to have been poisoned, officials say. Investigators say they found cyanide in the cups of the victims, who have been identified as two Vietnamese-Americans and four Vietnamese nationals. CBS News correspondent Ian Lee has more.
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
It has been two years since NASA's James Webb telescope gave us a stunning first look at the depth of our universe. To commemorate the achievement, NASA has released new images showing two distant galaxies interacting with each other. Jane Rigby, astrophysicist and a senior project scientist for the Webb telescope at NASA, joins CBS News to discuss.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
SpaceX's Falcon 9 rocket suffered a catastrophic engine failure as it launched a batch of Starlink satellites into orbit Thursday night, the first time in nearly a decade the rocket has failed. CBS News space consultant Bill Harwood has more on that and the latest images from the James Webb Space Telescope.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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 teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
CBS News' Senior White House and political correspondent Ed O'Keefe and chief election and campaign correspondent Robert Costa break down what happened at the Republican National Convention and where the Biden campaign stands amid turmoil.
Sen. JD Vance makes his first speech as Donald Trump's running mate. Also, President Biden battles COVID and faces new calls from fellow Democrats to step aside in the presidential race All that and all that matters in today's Eye Opener.
CBS News business analyst Jill Schlesinger explains a change to online Social Security accounts that will impact millions of beneficiaries.
Donald Trump's vice presidential nominee, JD Vance, spoke at the Republican National Convention Wednesday, formally accepting the GOP's nomination. In his speech, Vance made an appeal to working-class Americans and went after President Biden. Trump is expected to speak at the convention Thursday.
President Biden cut a campaign trip short Wednesday after he tested positive for COVID. The president was in Nevada trying to shore up support in the battleground state. Meanwhile, he faces new calls to step down from the candidacy, including from California Rep. Adam Schiff.