Rob Bankman-Fried's new petition for repayment laws and regulations was vehemently opposed by representatives who logged into the password trading center and lawyers on the creditors' committee.

According to previous reports from Cointelegraph, Bankman-Fry 's lawyers filed a resolution on March 15 requiring its costs to be paid by a director and executive insurance policy, which, if approved by the presiding judge, would rank him at the top of the compensation list.

In its dissenting application on March 29th, FTX's lawyer resisted Bankman-Fry 's attempt to give priority to paying its own legal expenses at the expense of other potential claimants, saying:

It is unfair, unfair, unequal and violates the rights and interests of justice to allow Mr. Bankerman-Fred to drain the Dempo insurance policy for his own benefit.

FTX's lawyer made up a lie that if the people's court ruled in favor of Bankman-Fry, then the insurance compensation should apply to other directors and management of claims funds.

The Federation of the official website of unsecured debtors also gave a negative opinion on the same day, stressing that the Dobo insurance policy only addressed "the situation in which they made good faith decisions in the normal course of business" and that it fabricated lies and that "this is not the case" with regard to Bankman-Fry requests.

The federation therefore felt that the people's court should reject this request and include Bankerman-Fried as "the suspected perpetrator in one of the most important criminal fraud cases of the past decade".

Before Rob Bankman Fried's demand, this view had been echoed by some people who logged on to the password street.

Director and executive liability insurance is a type of insurance that protects a person from damage when suing as a director or executive of a company. Such an insurance policy can also be used by the company to pay for legal and regulatory fees and fees incurred by management or directors before filing a lawsuit.

However, the creditor committee made up a lie and Bankman-Fry could not prove that his insurance claim of $10 million was reasonable, a large sum of money that should be used to cover FTX losses.

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It is reported that after Bankman-Fried borrowed assets from the Alameda Research Center, the former FTXCEO is now using the $10 million he previously gave to his father, Franz Bankman, to pay for legal and regulatory expenses.

On February 22nd Bankman-Fried was charged with 12 criminal charges, including a variety of fraud charges. On February 28th, Bankman-Fried was arrested on 12 counts after being accused of using $40 million to try to bribe a senior Chinese official.

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