Iowa Democrats ‘looking’ into $250K donation from former FTX executive

A former executive of the bankrupt cryptocurrency exchange FTX appears to have made a one-time $250,000 donation to the Iowa Democratic Party — a contribution that is likely to come under scrutiny as investigations into the company and its leaders intensifies.

Nishad Singh, a former director of engineering for the embattled FTX, made the donation to the Iowa Democratic Party June 17, according to finance records filed with the state. The party reported raising nearly $4.6 million between January and October 2022.

“We are aware of the situation and the recent developments,” Iowa Democratic Party Executive Director Erin Davison-Rippey said in a statement to the Des Moines Register. “We are looking into the matter.” 

Prosecutors have charged FTX co-founder and CEO Sam Bankman-Fried with fraud and are working to extradite him from the Bahamas, where he was arrested.

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