**Sam Bankman-Fried sues insurance company for defense costs as trial opens**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/0170c9af-fe9e-4624-909f-5562a06a462d.jpg

SBF has directors and officers coverage through FTX Trading parent Paper Bird, but now that two companies have paid out $10 million, the third in line is balking, the suit claims.

https://cointelegraph.com/news/sam-bankman-fried-sues-insurance-company-defense-costs-trial-opens