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Mmastodon BusinessCrypto first seen 14 h ago, last 11 h ago, peak #4

BitMEX co-founder's crypto exchange sued for £20m

Original: Cryptocurrency exchange founded by Reform donor Ben Delo sued for £20m By Daniel Boffey Chief reporter Former investor a

A former investor is suing BitMEX, the cryptocurrency exchange co-founded by Reform UK donor Ben Delo, for £20m. The claim alleges the exchange sold trading products to UK customers despite not being regulated by the Financial Conduct Authority. The case raises fresh questions about crypto firms' compliance with British rules and about Delo's political ties.

Why now: The lawsuit links a prominent political donor to fresh allegations of unregulated crypto trading in the UK, drawing attention from both finance and politics watchers.

BitMEXBen DeloReform UKFinancial Conduct Authority

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