According to The Block, FTX lawyers said in court documents that it would be "unfair" for SBF to "drain" the company's $10 million policy to pay his legal fees, and the official committee of FTX unsecured creditors also objected to only allowing insurance companies to Pay SBF in accordance with the terms and conditions of the policy and deny SBF's request to use the policy to reimburse its legal costs. Foresight News previously reported that SBF's lawyers said in a court filing that SBF wanted to use FTX's directors and officers liability insurance to cover its legal costs. If the court approves the request, it will place the payment against SBF ahead of FTX creditors. SBF's defense could cost millions of dollars, experts say.