BitMEX Co-Founder Donates $5 Million to Reform UK

BitMEX co-founder Ben Delo is a prominent figure in Britain's crypto industry, while Nigel Farage's Reform UK has sought to expand its political influence in recent years. The large donation has drawn attention as Britain considers suspending political parties' acceptance of cryptoasset donations, citing concerns over foreign interference and opaque funding sources.

In an April 8, 2026 opinion piece in The Telegraph, Delo said he had donated about £4 million, or roughly $5.1 million, to Reform UK since the start of the year. He did not say whether the donations were made in fiat currency or cryptoassets. Delo also backed a government suspension of crypto political donations. On April 7, the UK Electoral Commission said such donations remain legal but must be reported at their sterling value when received, with the donor's identity verified.