BitMEX Co-Founder Ben Delo Gives Farage's Reform UK Another £4 Million
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Farage’s Reform UK gets biggest donation ever from crypto billionaire: Reports
Ben Delo, co-founder of BitMEX, donated almost $50 million to Nigel Farage’s Reform UK party.
The UK is considering tightening rules on political donations, potentially restricting contributions from crypto billionaires to the Reform Britain party.
BlockBeats reported on July 6th that the UK government announced a new round of political donation reforms, proposing to extend the £100,000 cap on overseas donations to the first year after the donor becomes a UK resident, and to raise the scrutiny standards for corporate political donations, in order to further restrict the inflow of foreign funds into UK politics. The new regulations build on the ban on cryptocurrency political donations implemented in March of this year and are expected to be submitted to Parliament for final review next week. Analysts believe the new regulations may affect the political donation capabilities of key crypto industry supporters of the Reform Party (Reform UK). Christopher Harborne, an investor holding approximately 12% of Tether's shares, has donated approximately £12 million to the Reform Party and is registered to vote in the UK; BitMEX co-founder Ben Delo has donated approximately £4 million and has stated his intention to return to the UK to settle, at which point his political donations within a year of his return may be subject to the £100,000 cap. The report states that none of the donations were in cryptocurrency, and the Reform Party stated that all donations complied with current regulations. Meanwhile, party leader Nigel Farage is also facing further investigation for allegedly failing to declare non-cash support from supporter George Cottrell.
BitMEX co-founder contributed 75% of Reform UK’s donations in Q2 2026
The UK political party and its leader, Nigel Farage, have accepted contributions from figures tied to the crypto industry, raising questions about potential influence on policies.
Reform Party leader Nigel Farage will resign over an investigation into cryptocurrency donations and seek re-election.
According to Foresight News , citing The Block, Reform Party leader Nigel Farage has announced he will resign as a Member of Parliament and seek re-election after it was confirmed that Parliament will investigate donations related to cryptocurrencies. Farage stated the investigation relates to donations from Christopher Harborne and George Cottrell, and he denies any wrongdoing.
British Reform Party leader Farage has been exposed for failing to declare funding from the cryptocurrency gaming industry; one of the funders has a prior conviction for fraud.
PANews reported on July 6th that, according to an investigation by The Block citing The Sunday Times, Reform Party leader Nigel Farage failed to declare, as required, financial support from George Cottrell for security, drivers, social media personnel, and accommodations before his election as a Member of Parliament in 2024. Cottrell, who previously served eight months in prison in the US for wire fraud, later became a key figure in a cryptocurrency gambling platform. Farage only declared a £9,253 trip to Belgium funded by Cottrell and a £15,276 flight donation, failing to mention the security costs already paid by Cottrell.
Nigel Farage, leader of the UK Reform Party, has lost over £560,000 on his investment in Stack BTC.
According to Foresight News , citing The Guardian, Nigel Farage, leader of the UK's Reform Party, has invested £215,000 in Bitcoin vault company Stack BTC, acquiring a 5.61% stake. Since its inception in March, the investment has fallen 15.48%, resulting in a loss of approximately £565,000. Stack BTC's largest shareholder, Paul Withers (holding 20.72%), is also the owner of gold trader Direct Bullion, which previously paid Farage £270,000 for a 12-hour brand promotion. Farage denies being a Stack BTC brand ambassador, stating he is merely a shareholder, but has appeared in the company's promotional videos.