{"id":505641,"date":"2022-11-02T03:41:10","date_gmt":"2022-11-02T00:41:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-exec-revealed-as-big-donor-to-oregon-democrats-following-misidentification\/"},"modified":"2022-11-02T03:41:10","modified_gmt":"2022-11-02T00:41:10","slug":"ftx-exec-revealed-as-big-donor-to-oregon-democrats-following-misidentification","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-exec-revealed-as-big-donor-to-oregon-democrats-following-misidentification\/","title":{"rendered":"# FTX exec revealed as big donor to Oregon Democrats following misidentification"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ccb592688a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ccb592688a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ftx-exec-revealed-as-big-donor-to-oregon-democrats-following-misidentification\/#%E2%80%9D_FTX_exec_revealed_as_big_donor_to_Oregon_Democrats_following_misidentification_%E2%80%9C\" >&#8221; FTX exec revealed as big donor to Oregon Democrats following misidentification &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_FTX_exec_revealed_as_big_donor_to_Oregon_Democrats_following_misidentification_%E2%80%9C\"><\/span>&#8221; FTX exec revealed as big donor to Oregon Democrats following misidentification &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZTE5NTRlMjEtNmRmNi00NGRjLWI0NGYtZjAzOWZjNjA3ZmQwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>A senior FTX executive has been revealed as the reported mystery donor behind a massive $500,000 contribution to the Democratic Party of the American state of Oregon.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.oregonlive.com\/politics\/2022\/11\/oregon-democrats-said-they-accepted-500000-from-a-las-vegas-cryptocurrency-startup-now-they-say-the-real-donor-was-someone-else.html\" data-amp=\"https:\/\/www-oregonlive-com.cdn.ampproject.org\/c\/s\/www.oregonlive.com\/politics\/2022\/11\/oregon-democrats-said-they-accepted-500000-from-a-las-vegas-cryptocurrency-startup-now-they-say-the-real-donor-was-someone-else.html?outputType=amp\">According<\/a> to local reports, the Oregon Democrats initially told state election officials that the $500,000 donation was from Prime Trust, a crypto-focused fintech in Nevada.<\/p>\n<p>However, on Nov. 1, the party director revealed the true source behind the donation was FTX Engineering Director Nishad Singh, who has\u00a0 been the state Democratic Party&#8217;s fourth largest donor since Nov. 2020.\u00a0<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>arently, there was initial confusion about who was behind the half-a-million-dollar donation.\u00a0<\/p>\n<p>State party executive director Brad Martin told OregonLive in a statement that &#8220;Based upon documentation received from our bank&#8221; in October, the party &#8220;reasonably believed this\u00a0contribution was, in fact from Prime Trust LLC.\u201d<\/p>\n<p>Weeks after the Oct. 4 donation, and after local <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> questioned why a Las Vegas start-up made such a sizeable contribution, Martin reportedly received communication from Singh on Oct. 28 revealing that &#8220;he had made a personal contribution to the (Democratic Party of Oregon) and that Prime Trust LLC was not the donor.\u201d<\/p>\n<p>A spokesperson for Prime Trust also further clarified on Nov. 1 to OregonLive that &#8220;this is not Prime Trust contributing money to the PAC. It\u2019s merely Prime Trust effectuating the transfer on behalf of a customer.\u201d<\/p>\n<p>The party has since amended its state campaign finance disclose to reflect the true donor, according to reports.\u00a0<\/p>\n<p><strong><em>Related: Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback<\/em><\/strong><\/p>\n<p>The nature of the contribution may not be a surprise to some. Singh has been tied to political donations through Prime Trust in the past, while Oregon politics has been the object of FTX\u2019s attention before. <\/p>\n<p>An April Politico <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2022\/04\/19\/crypto-super-pac-campaign-finance-00026146\" data-amp=\"https:\/\/www-politico-com.cdn.ampproject.org\/c\/s\/www.politico.com\/amp\/news\/2022\/04\/19\/crypto-super-pac-campaign-finance-00026146\">report<\/a> found that a $14 million contribution from Prime Trust to the Protect Our Future PAC backed by FTX CEO Sam Bankman-Fried was made up of $1 million from Singh with the rest from Bankman-Fried, as confirmed by FTX.<\/p>\n<p>At the time, FTX declined to comment on why the funds were directed through Prime Trust, and a Prime Trust spokesperson only said this type of transaction was \u201ccommonplace.\u201d<\/p>\n<p>Bankman-Fried\u2019s Protect Our Future super PAC also allegedly donated between $8 million and $10 million to the campaign of Carrick Flynn \u2014 a political novice and family friend running in a newly created U.S. House of representatives district  outside Portland. <\/p>\n<p>Prime Trust and Singh were instrumental in those donations as well, according to NGO Open Secrets.<\/p>\n<p><em>Cointelegraph reached out to the Democratic Party of Oregon and Brad Martin, but did not receive any response by time of publication.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ftx-exec-revealed-as-big-donor-to-oregon-democrats-following-misidentification\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; FTX exec revealed as big donor to Oregon Democrats following misidentification &#8220; A senior FTX executive has been revealed as the reported mystery donor behind a massive $500,000 contribution to the Democratic Party of the American state of Oregon. According to local reports, the Oregon Democrats initially told state election officials that the $500,000&#8230;<\/p>\n","protected":false},"author":1,"featured_media":505642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZTE5NTRlMjEtNmRmNi00NGRjLWI0NGYtZjAzOWZjNjA3ZmQwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[89897,117,52214,70288],"class_list":["post-505641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-sam-bankman-fried","tag-business","tag-congress","tag-elections"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/505641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=505641"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/505641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/505642"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=505641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=505641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=505641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}