Crypto Billionaire Ben Delo Donates £36 Million to Reform UK
- Ben Delo, co-founder of BitMEX, donated £36 million ($49 million) to Nigel Farage’s Reform UK, marking the largest political donation in British history.
- The donation is structured as £1 million per month until the general election in 2029, but was paid upfront to avoid potential blocking.
- Delo previously ranked as the second-largest donor to Reform UK after Christopher Harborne, who contributed £9 million last August.
- Farage won a by-election with over 63% of the vote amid an investigation into donations from crypto industry figures.
- Concerns regarding crypto donations have led Labour MPs to consider making a moratorium on such contributions permanent.
This unprecedented donation has sparked discussions about the influence of digital assets on UK politics and raised questions about regulatory responses to crypto contributions.
Delo’s £36 million contribution underscores significant financial backing for Reform UK and highlights ongoing scrutiny around political funding from the cryptocurrency sector. (Source)
