Ali Sedaghatpour v. Lemonade Insurance Company

  1. October 24, 2024

    4th Circ. Affirms Dismissal Of Crypto Theft Coverage

    The Fourth Circuit upheld a lower court's ruling that an individual's homeowners policy didn't cover his loss of $170,000 in cryptocurrency to an alleged scam, agreeing with a Virginia federal court that the loss didn't constitute a "direct physical loss."

  2. March 27, 2023

    Lost Crypto Not A Covered 'Physical' Loss, 4th Circ. Told

    An individual's homeowners policy does not cover his loss of cryptocurrency to what he alleged was a scam because the lost cryptocurrency is not a "physical" loss covered by the policy, Lemonade Insurance Co. told the Fourth Circuit.