Insurer Has No Duty To Defend, Indemnify Bitcoin Theft Suit, 5th Circuit Affirms

(May 14, 2024, 12:49 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on May 13 affirmed a lower federal court’s ruling in favor of an insurer in its lawsuit disputing coverage for an underlying lawsuit alleging that insureds conspired to steal bitcoin through a malware attack, finding that the underlying action alleges only intentional acts that are not covered....