Reimbursement

On April 13th, it was reported that in response to the revenue aggregator Yearn attack, Yearn developer storming0x stated that the current known issues are not related to the legac

According to reports, the legal counsel of SBF, the former FTX CEO, requested in a motion that insurance companies be allowed to advance or reimburse their defense costs and expenses based on their director and executive (D&O) insurance policies held in Relm Insurance and Beazley Insurance. According to the documents, these policies “provide payment priority for individual insured persons such as Mr. Bankman Fried to pay for unrecovered losses.” This means that SBF’s bill will be at the top of FTX’s payment list. SBF is seeking to use the FTX policy to pay his legal fees Analysis based on this information:The legal counsel of Sam Bankman-Fried, also known as SBF, who was formerly the CEO of FTX, has requested that insurance companies be allowed to advance or reimburse defense costs and expenses based on their director and executive (D&O) insurance policies held in Relm Insurance and Beazley Insurance. This request means that SBF’s legal bill will be at the top…