Former FTX CEO Sam Bankman-Fried wasn’t the only company executive who put big money behind campaigns aligned with the Democratic Party.
A year after Nishad Singh became the company’s director of engineering, he quietly emerged as a reliable political donor for Democrats, according to over a dozen Federal Election Commission records reviewed by CNBC.
Singh, who became FTX’s lead engineer in 2019 following a stint at Bankman-Fried’s trading firm Alameda Research, has donated more than $13 million to party causes since the start of the 2020 presidential election, according to state and federal campaign finance records.
Singh donated $8 million to federal campaigns in the 2022 election cycle, and all of it went to Democrats, according to the nonpartisan campaign watchdog OpenSecrets. He was among a handful of former senior officials at FTX who were deeply involved with financing the 2022 midterms.
