FTX Trading on Thursday (July 20) sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt.

California

Former FTX co-founder Sam Bankman-Fried has been found guilty of defrauding investors and customers.

Bankman-Fried Guilty

FTX sues founder Sam Bankman-Fried to recoup funds

Bankrupt crypto exchange FTX is suing its indicted founder Sam Bankman-Fried and other former top executives to try and claw back over $1 billion in funds they allegedly misappropriated before the company went bankrupt. This comes months after criminal charges were filed against Bankman-Fried and prosecutors alleged he stole billions in FTX customer funds to plug losses at his hedge fund Alameda Research. FTX is now led by a caretaker CEO John Ray, an attorney who helped manage Enron after the Energy Trader's 2001 bankruptcy. The complaint filed in a Delaware bankruptcy court Thursday named three of Bankman-Fried's associates Caroline Ellison, Jishao Gary Wang and Nishad Singh, who along with Bankman-Fried continually misappropriated funds to finance luxury condos, speculative investments and other pet projects while committing one of the largest financial frauds in history. Alleged fraud included $725 million of equity that FTX and Westphalum Shires, an entity that Bankman-Fried controlled, awarded without receiving any value in exchange. The filings that Bankman-Fried and Wang also allegedly misappropriated $546 million to buy shares of Robinhood, while Ellison used $28.8 million to pay herself bonuses. The U.S. bankruptcy code allows alleged fraudulent transfers to be voided if made two years before Chapter 11 filings and if the transfers were made with the intention to defraud a bankrupt estate. A spokesman for Bankman-Fried declined to comment. U.S. prosecutors have called Bankman-Fried the mastermind of the fraud that led to FTX's collapse, while he himself has pleaded not guilty to several criminal charges.

Two laptops and hard drives containing watermarked and unreleased music by Beyoncé were stolen from her choreographer’s rental car in Atlanta, according to police.

Atlanta

Unreleased Beyoncé music stolen from choreographer’s rental car

The House Committee on Education and Workforce is holding its ninth hearing in 18 months on antisemitism on college campuses. CBS News' Shanelle Kaul has more details.

Washington

Anger at House committee hearing on antisemitism in college campuses

An Air India Boeing airplane crashed in northwestern India in June, killing all people on board but one passenger. India's aviation regulator has now ordered airlines to examine fuel control switches on several Boeing models.

New Delhi

India orders airlines to inspect Boeing airplane models after crash

Controversy on Capitol Hill over the so-called Epstein Files is seemingly not going away anytime soon.

House Republicans block Democratic push to release Epstein documents

An Israeli scheme to move hundreds of thousands of already uprooted Palestinians to a so-called "humanitarian city" in Gaza has led politicians to spar with the defense establishment. Critics inside and outside Israel have denounced the proposal.

Jerusalem

Middle East Conflict

Critics slam Israeli scheme to move Gazans to 'humanitarian city'

At least two people were killed in a New Jersey flash flooding event, Gov. Phil Murphy said Tuesday morning as heavy rains are expected to continue battering the Northeast. CBS News' Rob Marciano has more details.

New Jersey

Two killed in New Jersey flash flooding

After over a week of negotiations in Doha, a truce in Gaza remains elusive, despite intensified efforts by mediators. The stalemate continues as both Hamas and Israel trade blame over ongoing strikes.

Doha

Gaza truce still out of reach after Doha talks

The U.S. Supreme Court on Monday cleared the way for President Donald Trump's administration to resume dismantling the Department of Education, part of his bid to shrink the federal government's role in education in favor of more control by the states.

U.S. Supreme Court clears way for Trump to gut Education Department

Syria's government troops entered the Sweida region following deadly clashes on Tuesday, while Israel carried out strikes against them, saying it was acting to protect the Druze minority.

As Suwayda

Syrian forces enter Sweida city following deadly clashes

Heavy rains slammed the Northeast and caused flash floods in the New York City subway system. CBS News' Rob Marciano has the latest.

New York

Flash flooding pummels NYC and slams subway lines

US President Donald Trump told Russia to end its war in Ukraine within 50 days or face massive new economic sanctions, as he laid out plans for infusions of weaponry for Kyiv via NATO. "We're going to be doing very severe tariffs if we don't have a deal in 50 days, tariffs at about 100 percent," Trump said.

Global Tariffs

Trump gives Moscow 50-day ultimatum over Ukraine war

A Gaza-bound boat carrying pro-Palestinian activists and humanitarian aid left Sicily, over a month after Israel detained and deported people aboard a previous vessel.

Sicily

New Gaza-bound aid boat leaves Italy

The U.S. will manufacture more weapons to help Ukraine in its fight against Russia's invasion. President Trump said European nations will be footing the bill.

Ukraine Invasion

U.S. to send more weapons to Ukraine

Christian leaders have accused Israeli settlers of attacking sacred sites in the West Bank. The Greek Orthodox Patriarch of Jerusalem, Theophilos III - visiting the Christian town of Taybeh with other clerics - said settlers had started a fire near a cemetery and a 5th century church there last week.

Clerics accuse West Bank settlers of attacking Christian sites

Australian Prime Minister Anthony Albanese is in Beijing ahead of talks with Chinese President Xi Jinping. He's there to broaden economic cooperation with China, which is Australia's top trade partner, while taking into account security concerns.

Beijing

Australia's Albanese pushes Aussie exports in China visit

In an Oval Office meeting, President Trump announced that the US will sell weapons to European nations, who will then send them to Ukraine. The president also threatened new trade consequences if no peace deal is reached with Ukraine within 50 days.

Trump gives Russia new deadline for Ukraine peace deal

Astronauts from India, Poland, Hungary and the U.S. are returning from the International Space Station following the historic Axiom Mission 4 trip. CBS News' consultant Bill Harwood joins with more details.

Cape Canaveral

Axiom Mission 4 crew returns from historic trip to I.S.S.

Hundreds of Palestinians on Sunday (July 13) mourned two men who were killed in overnight clashes by settlers in the West Bank. One of the deceased is 20-year-old Sayafollah Musallet, a U.S. citizen.

Mourners bury U.S. citizen killed in West Bank settler attack

Search efforts resumed for the more than 160 people still missing from the deadly July 4 floods in Central Texas after being halted Sunday morning due to renewed flood threats. CBS News' Karen Hua has the latest.

Kerrville

Heavy rains halt recovery efforts in central Texas

Following his recent criticism of Russian President Vladimir Putin, U.S. President Donald Trump said he plans to send Patriot missiles to Ukraine. Trump, for the first time since he took office in January, is also considering authorizing new funding for Ukraine.

Trump considers new funding for Ukraine

Two women were killed and two people were injured in a church shooting in Lexington, Kentucky, after the suspect initially shot a state trooper, police said. CBS News correspondent Nicole Valdes has the latest.

Lexington

Two women killed in Kentucky church shooting

The European Union said it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement, after U.S. President Donald Trump ratcheted up his trade war on the bloc.

Brussels

EU holds off on U.S. tariff countermeasures for now to pursue talks

One year ago, Thomas Crooks, a recent community college graduate, opened fire on then-candidate Donald Trump at a campaign rally in Butler, Pennsylvania. A year later, there's still no answers to why Crooks did it. Scott MacFarlane reports.

Butler

Motive still a mystery a year after Trump assassination attempt

Several European leaders and Mexican President Claudia Sheinbaum have expressed disappointment at the 30% tariffs US President Donald Trump has announced, but maintained openness to reach a negotiated solution.

Leaders of EU and Mexico slam Trump's 30% tariffs

A preliminary report depicted confusion in the cockpit shortly before an Air India jetliner crashed and killed 260 people last month, after the plane's engine fuel cutoff switches flipped almost simultaneously and starved the engines of fuel.

Ahmedabad

Air India crash report shows pilot confusion over fuel cutoff

Iran’s foreign minister says his country is ready to resume nuclear talks with the United States but will need assurances that there will be no more attacks against it. Abbas Araghchi made the comments on Saturday, during a meeting with foreign diplomats in Tehran.

Tehran

Iran willing to resume nuclear talks with U.S. if given assurances

Australia will not commit troops in advance to any conflict, Defence Industry Minister Pat Conroy said on Sunday (July 13), responding to a report that the Pentagon has pressed its ally to clarify what role it would play if the U.S. and China went to war over Taiwan.

Council of the City of Sydney

Australia to 'support status quo' on Taiwan amid U.S. defense push

The Pentagon is urging Japan and Australia to clarify what role they would play if the U.S. and China went to war over Taiwan, the Financial Times is reporting. According to the newspaper, the reported request caught Japan and Australia 'off-guard'.

Taipei

Australia caught 'off guard' by U.S demands over Taiwan

A federal judge in California temporarily halted the Trump administration from making indiscriminate arrests based on race and denying detainees access to lawyers.

Los Angeles

Judge orders Trump to stop Californian immigration raids

President Trump issued new threats in his global trade war, aiming at two more of America's biggest trading partners. The E.U. and Mexico responded by calling the tariffs unfair and disruptive.

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Bankman-Fried Guilty