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Australian Political Parties Received Donations From FTX

Sam Bankman-Fried (SBF) and other FTX executives were major US political donors. But they were also active internationally, with one related Australian entity making $27,540 in donations in the 2021-2022 cycle according to Annual Returns published by the Australian Electoral Commission (AEC).

In August 2020, Alameda Research purchased over-the-counter (OTC) trading desk HiveEx from founders Fred Schebesta and Frank Restuccia. SBF was immediately made director of the entity according to corporate documents reviewed by Protos. FTX then announced that it would be using HiveEx and its owner Alameda Research as a banking conduit for Australian dollar deposits and withdrawals.

Eventually, ownership of this entity would be transferred from Alameda Research to FTX Australia for a de minimis amount.

In the 2021-2022 Australian election cycle, the HiveEx corporate entity Hive Empire PTY LTD made a series of political donations.

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