TechFlow News, April 09: According to Decrypt, Ben Delo, co-founder of BitMEX, has disclosed a donation of $5.4 million (approximately £4 million) to Reform UK—the political party led by Nigel Farage—made prior to the UK’s introduction of a new regulation capping donations from overseas residents at £100,000.
Delo previously pleaded guilty in the U.S. in 2022 to BitMEX’s violations of anti-money laundering compliance requirements and paid a $10 million fine; he was later granted a pardon by Donald Trump. Reform UK has already received a £11.4 million donation from Christopher Harborne, a Thai national and investor in Tether. The party positions itself as the UK’s most crypto-friendly political party, though the UK government has imposed a temporary ban on cryptocurrency donations to political campaigns. Delo stated that he plans to relocate to the UK, after which he would no longer be subject to the overseas donation cap.
