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Cryptocurrency exchange founded by Reform donor Ben Delo sued for £20m

Original: Cryptocurrency exchange founded by Reform donor Ben Delo sued for £20m https://www. theguardian.com/politics/2026/ oct/1

BitMEX co-founder Ben Delo, a donor to Reform UK, is facing a £20m lawsuit connected to the cryptocurrency exchange he helped establish. Delo, a British billionaire who became one of the Conservative Party's and later Reform's notable donors, previously saw BitMEX fined by US authorities over anti-money-laundering failures. The new legal action in the UK is drawing attention because of Delo's political ties and the ongoing scrutiny of the crypto industry by regulators including the Financial Conduct Authority.

Why now: The lawsuit links a major political donor to fresh legal trouble, drawing scrutiny of Reform UK's funding.

Ben DeloBitMEXReform UKFinancial Conduct Authority

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