BitMEX Co-Founder Donates £4 Million to Reform UK

Ben Delo, co-founder of the cryptocurrency exchange BitMEX, disclosed on Wednesday that he has donated £4 million (about $5.1 million) to Reform UK, the party led by Nigel Farage, since the start of this year. The contribution, detailed in an opinion piece in The Telegraph, aims to help transform the party into a viable alternative for government.

Delo, who is currently based in Hong Kong, wrote that the donation marks his first involvement in political activism, motivated by what he described as a failing UK political system plagued by self-deception among elites. He argued that Reform UK stands out for directly addressing the country's challenges. The piece did not specify whether the funds were provided in fiat currency or cryptocurrency, and neither Delo nor the party has released additional details on the transaction.

Farage acknowledged the support later that day on X, stating that "brave people like Ben Delo were becoming even more determined to support Reform UK." The donation adds to Reform UK's growing financial backing from individuals linked to the cryptocurrency sector. In recent months, the party received £12 million from Christopher Harborne, a Thailand-based...