BitMEX Co Founder Ben Delo Pumps £8 Million Into UK Reform Party

BitMEX co founder Ben Delo has added another £4 million to his political contributions, bringing his total funding of the UK right wing Reform Party to £8 million this year alone. Delo previously received a presidential pardon in 2025 following a conviction related to anti money laundering checks at his former crypto derivatives exchange. His funds have helped power social media campaigns for several right wing groups operating from a Westminster political hub.

At the same time, Reform UK faces mounting pressure following an undercover investigation by journalists. The report caught senior party figures discussing plans to arrange illegal foreign donations. Several political opponents have reported the party to the police, and two senior officials have resigned while an internal investigation takes place. Party leader Nigel Farage dismissed the recorded comments as loose pub talk.

Crypto money continues to play a major role in British politics beyond the Reform Party itself. A separate £5 million gift given to Farage by Tether billionaire Christopher Harborne remains under investigation by authorities. Traders and observers are watching closely to see how these ongoing funding scandals impact regulatory scrutiny for crypto figures involved in traditional politics.

As investigations unfold, the intersection of digital asset wealth and political donations will likely stay in the regulatory spotlight. Observers should watch for any new rules governing political contributions from crypto executives in the UK.