Sam Bankman-Fried is seeking the court’s assistance in giving priority to the reimbursement of his legal fees. Sam Bankman-Fried, the CEO of FTX, has been seeking the court’s assistance in prioritizing reimbursing his legal fees.
To cover these costs, FTX’s legal representative has formally asked insurance providers to either provide upfront financial assistance or reimburse Bankman-Fried’s expenses related to his defense, utilizing the company’s directors and officers’ (D&O) insurance.
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