Former FTX CEO Sam Bankman-Fried arrested on fraud charges
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
New crypto exchange chief points to massive failures under Sam Bankman-Fried ahead of House committee hearing.
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.
Some of those assets are believed to have been seized by government officials in Bahamas, where company is based.
Total value of cryptocurrencies has fallen more than $1 trillion this year as investor sentiment sours.
"New technology has made it easier for bad actors to take advantage of innocent victims," said one prosecutor.
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.
Bankrupt crypto exchange plagued by "complete absence of trustworthy financial information," CEO John Ray III said.
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
"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.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
World's third-largest cryptocurrency exchange spent big on Super Bowl ads and stadium names. Now it's trying to survive.
World's largest crypto exchange abruptly reverses course after having previously agreed to purchase FTX.
The deal, announced via Twitter, would make Binance an even more dominant player in the cryptocurrency industry.
About $718 million in digital assets were taken in October alone, according to blockchain analytics firm Chainalysis.
Former CEO Alex Mashinsky withdrew about $10 million in crypto holdings, then resigned from the company last month.
Kardashian is paying the settlement without admitting to or denying the SEC's findings, the agency said.
Safeguarding your crypto fund boils down to practicing strong cybersecurity habits. Here's what not to do
Bill that would require crypto traders, brokers and other industry players to register with the government.
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
A former worker at the trading firm told his brother and a friend about cryptocurrencies it planned to offer, SEC alleges.
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
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.
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.
ZDNet Editor-in-Chief Jason Hiner explains best practices for setup and success of smart home security systems.
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
Ransomware attack targeted a Nissan virtual private network, the automaker's U.S. subsidiary said.
The Innovation & Disruption Leaders documentary series transforms corporate buzzwords like 'tech' and 'AI' into accessible concepts. Through the power of visual storytelling, we delve into the minds of industry leaders, executives and entrepreneurs alike. Who will decide the destiny of tomorrow's business landscape? By putting business in front of the camera, these incredible films get us one step closer to the answer.
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
Susann Sills' body was found at the bottom of the staircase of her family's San Clemente, California home. What led up to her death?
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
The sponsorships do not violate the WNBA's salary cap because the Las Vegas authority did not orchestrate it with the club.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
Employees of the German luxury car maker reject membership in the United Auto Workers after a contentious campaign.
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter.
Police released what they say was a suicide note left by Boeing whistleblower John Barnett.
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.
North Carolina Republicans are pushing forward with their plan to repeal a pandemic-era law, citing crime and recent campus protests.
Hypochlorous acid is the latest skin care ingredient making waves on social media for acne prevention — but is it true? We asked dermatologists.
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
A new study finds hospitals with a higher share of women surgeons and and anesthetists shave better patient outcomes.
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
The announcement escalates a divide within Israel's leadership.
According to local media, the violence began last week following a clash between Kyrgyz people and foreigners in Bishkek, Kyrgyzstan.
French police are hunting for armed robbers who hit a jewelry store on one of Paris' poshest streets.
The latest disaster came on the heels of devastating floods that killed at least 70 people in April.
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Forever Now".
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Country Kid".
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Orion's Belt".
Comedian Paul Scheer shares stories from a new memoir "Joyful Recollections of Trauma."
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
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.
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Susann Sills' body was found at the bottom of the staircase of her family's San Clemente, California home. What led up to her death?
Columbus Deputy Chief Gregory Bodker told reporters that officers arrived to find a "very chaotic scene."
Disturbing video obtained by CNN appears to show Sean "Diddy" Combs pushing, kicking and dragging his then-girlfriend Cassandra Ventura in a hotel hallway in 2016. Elise Preston reports.
David DePape, the man convicted of attacking former House Speaker Nancy Pelosi's husband with a hammer inside their San Francisco home in 2022, was sentenced to 30 years in prison on Friday. CBS News congressional correspondent Scott MacFarlane has the details.
Police said Gary Allen Srery might also be linked to other unsolved murders and sexual assaults in Western Canada.
Ongoing work to resolve a persistent helium leak has pushed the first piloted Starliner flight back at least four more days, to May 25.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
The oxygen valve that derailed a launch try last week has been replaced, but engineers want more time to verify an unrelated helium leak has been fixed.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
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.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
The wife of a fertility doctor is found dead at the bottom of a staircase. Did her dogs play a role in her death or was the scene staged to cover a murder? "48 Hours" correspondent Tracy Smith reports.
San Francisco's famed Fisherman's Wharf is seeing an unusually large number sea lions that local officials say is the largest herd of the sea mammals the area has seen in 15 years. The massive herd is snacking on an overabundance of anchovies. Kenny Choi explains.
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
Workers at two Mercedes Benz plants in Alabama this week voted against joining the United Auto Workers union. The movement to unionize saw opposition, not just from the company, but also Republican Alabama Gov. Kay Ivey. Michael George has more.
The violence across the devastated Palestinian territory is widening, with the northern Jabalia refugee camp seeing some of its fiercest fighting in months between Israeli forces and Hamas militants. The Israeli military said Saturday it has recovered the remains of a fourth hostage, this after the bodies of three hostages were recovered on Friday. Imtiaz Tyab has more from Tel Aviv.