Lawyers representing the crypto exchange and its creditors committee have strongly objected to Sam Bankman Fried's recent petition to be reimbursed for his legal expenses.

On March 15, Bankman-Fried's legal team submitted a motion to have his court expenses covered by directors and officers (D&O) insurance policies. If the judge approves this motion, Bankman-Fried would be given priority in the payout queue.

In March 29 objection filing, the legal team representing FTX raised objections to Bankman-Fried's proposal to prioritize his own legal fees over those of other potential claimants. The team stated in filing:

“It would be unfair, inequitable, and contrary to the interests of justice to allow Mr. Bankman-Fried to drain the D&O Policies for his sole benefit”