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Katie Hobbs Benefitted From FTX Cash

Holland McKinnie
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Arizona Democrat Katie Hobbs appears to have benefited in Arizona’s latest highly questionable election from millions of dollars in money donated by now-bankrupt and scandal-ridden cryptocurrency exchange FTX. The corrupt firm contributed to the Protect Our Future PAC based in Phoenix that bankrolled the Hobbs gubernatorial campaign against Trump-endorsed Republican candidate Kari Lake.

Lake ran a winning campaign against the reclusive Hobbs, who refused to meet with Lake for even a single debate. The last RealClearPolitics polling average before Election Day showed Lake leading with likely voters, 50.8% to 47.3%. However, Hobbs was declared the winner after several days of secretive ballot counting, 50.3% to 49.7%.

In addition to refusing to debate Lake, Hobbs did not actively campaign or hold rallies before election day. As many Republican voters choose to vote in person on Election Day, Hobbs has been roundly slammed for acting as secretary of state to suppress in-person voting on November 8.

In the aftermath of the collapse and bankruptcy of FTX, reporting has shown the company and its executives donated at least $40 million to Democrats in an effort to secure more favorable regulation and legislation.

The Federal Election Commission’s records show that former FTX CEO Sam Bankman-Fried personally gave $27 million to Arizona’s Protect Our Future PAC.

The PAC is directly connected with Democrat consultant Dacey Montoya, who received at least $134,500 from the PAC in the first six months of this year. Montoya’s firm was also paid $114,500 from the Hobbs campaign and over $372,000 from the reelection campaign of Sen. Mark Kelly (D-AZ).

Montoya is also the treasurer for the Protect Our Future PAC. She has also chaired the Way to Lead PAC and the Not Our Faith PAC, both of which have received major funding from dark money Democrat donors like billionaire globalist George Soros.

The money donated by Bankman-Fried made up 94% of the total funding reported with the FEC by Protect Our Future PAC. 

Former FTX executive Nishad Singh gave an additional $1 million to the PAC in February.

Another of Protect Our Future PAC’s large donors was Everytown For Gun Safety Action Fund, the fundraising arm of Michael Bloomberg’s radical gun control organization.