Sam Bankman-Fried set to plead not guilty to fraud, report says
Prosecutors will have to prove the cryptocurrency company founder intentionally duped customers, legal analysts said.
Cryptocurrency
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.
FTX founder Sam Bankman-Fried released on $250 million bond
The FTX founder was ordered to home confinement at his parents' home in Palo Alto, California.
Two associates of FTX founder Sam Bankman-Fried agree to plea deals
Word of the agreements came on the same day Bankman-Fried was being flown back to the U.S. from the Bahamas to face fraud charges.
Bankruptcy court hears FTX case
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.
Fear shadows cryptocurrency exchanges after FTX's collapse
Customers of Binance, the biggest crypto exchange, withdrew billions in funds this week. The company says it's safe.
Where Bankman-Fried's $40 million in 2022 political donations went
Bankman-Fried is facing eight charges for financial crimes, including campaign finance violations.
What to know about the charges facing FTX's Sam Bankman-Fried
Once hailed as a genius, the 30-year-old MIT grad now faces multiple charges of fraud following the collapse of his crypto firm.
Sam Bankman-Fried charged with fraud and money laundering
Prosecutors allege the FTX founder defrauded customers by using their crypto to pay debts incurred by his hedge fund.
SEC charges former FTX CEO with defrauding crypto investors
Securities regulators claim Sam Bankman-Fried built a "house of cards" while telling investors their money was safe.
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.
"Grossly inexperienced" leaders led to FTX collapse, new CEO says
New crypto exchange chief points to massive failures under Sam Bankman-Fried ahead of House committee hearing.
Justice Department seeks independent probe of FTX's meltdown
DOJ officials want to investigate "allegations of fraud, dishonesty, incompetence, misconduct and mismanagement."
Sam Bankman-Fried: "I've had a bad month"
Bankman-Fried, who was once worth $26.5 billion, said he had one working credit card and $100,000 left in a bank account.
$740 million in crypto assets recovered in FTX bankruptcy
Recouped funds are a fraction of the billions of dollars thought to have gone missing from the exchange's coffers.
FTX had "substantial amount" of assets stolen
Some of those assets are believed to have been seized by government officials in Bahamas, where company is based.
Bitcoin slumps as FTX meltdown triggers fears of contagion
Total value of cryptocurrencies has fallen more than $1 trillion this year as investor sentiment sours.
U.S. authorities: 2 Estonians arrested in $575M crypto scam
"New technology has made it easier for bad actors to take advantage of innocent victims," said one prosecutor.
Bankrupt FTX Trading owes creditors more than $3 billion
Bankruptcy court documents offer a glimpse of just how much the Bahamas-based crypto exchange is in debt.
Tom Brady, Gisele Bundchen among those sued after FTX collapse
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
FTX's new CEO: Company suffered a "complete failure"
Bankrupt crypto exchange plagued by "complete absence of trustworthy financial information," CEO John Ray III said.
Yellen warns of "risky" cryptocurrency, touts "resilient" U.S. economy
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."
Customers of bankrupt FTX may never get their crypto back
"People are going to be waiting on the sidelines for a very long time," said one law professor of the exchange's account holders.
FTX Trading meltdown: What you should know
One of the world's most prominent cryptocurrency exchanges suddenly crashed and burned. Here's what happened.
Sam Bankman-Fried's crypto exchange FTX files for bankruptcy
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
Technology
Technology
Meta stock falls after AI commitment
Microsoft, Meta and Alphabet recently reported their quarterly earnings and one thing is certain: the jaw-dropping investments in artificial intelligence are only just getting started. This all comes just days after Nvidia became the world's first-ever $5 trillion company. Jacob Ward, technology journalist, joins CBS News to discuss.
Are we in an AI bubble?
The health of the U.S. stock market on any given day depends on a number of variables, but the New York Times reports that lately, it almost entirely hinges on the success of artificial intelligence and the companies behind this technology. Evan Gorelick, writer for "The Morning" newsletter at the New York Times, joins "The Daily Report" to discuss.
How AI powered robots are helping small farms
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.
Book argues super AI could end in extinction
Nate Soares, the co-author of "If Anyone Builds It, Everyone Dies," argues in his new book that if any company builds an artificial superintelligence, it would end in human extinction. He joins "The Takeout" to discuss.
Elon Musk's "partisan actions" hurt Tesla sales, Yale study finds
Elon Musk's partisan stances and foray into politics in recent years have dented the electric vehicle maker's business, Yale researchers say.
Smart home security tips for personal and cyber protection
ZDNet Editor-in-Chief Jason Hiner explains best practices for setup and success of smart home security systems.
OpenAI strikes major deal with Microsoft
OpenAI and Microsoft reached a deal to complete the startup's shift to for-profit. Jason Hiner, editor in chief for ZDNET, joins to break down the deal's impact.
Nvidia becomes the world's first $5 trillion company, buoyed by AI boom
The chipmaker on Wednesday became the first publicly listed company to top $5 trillion in market value, boosted by demand for its AI chips.
AI data center in Louisiana brings unwanted construction, rising energy bills
Louisiana approved Meta's $10 billion project in August, saying it would bring "hope" for economic growth, but some experts say the center's power demands will raise customers' power bills statewide.