According to blockchain media Protos citing an annual report published by the Australian Electoral Commission (AEC), HiveEx, an FTX-related Australian entity, donated $27,540 to Australian political parties during the 2021-2022 election cycle. HiveEx was acquired by Alameda Research in August 2020, and SBF was immediately appointed as a director of the entity, according to a review of corporate documents by Protos. FTX subsequently announced that it would use HiveEx and its owner, Alameda Research, as a banking channel for deposits and withdrawals in Australian dollars. Ultimately, ownership of the entity was transferred from Alameda Research to FTX Australia for a minimum sum.