BitMEX co-founder Ben Delo has revealed that he donated $5.4 million (£4 million) to Nigel Farage’s Reform UK party, saying he was motivated to become politically active for the first time by what he described as a failing UK political system.
In the article, Delo said the UK faced a “grave threat” driven by “self-deception” among political elites and argued that Reform was gaining support by recognising the scale of the country’s problems.
The funding comes as Reform positions itself as the UK’s most crypto-aligned political party. It has accepted cryptocurrency donations, promoted pro-crypto policies and built ties with industry figures, distinguishing it from more cautious approaches taken by Labour and the Conservatives.
"In fact, his actions have only made brave people like Ben Delo even more determined to beat Labour at the next election," he added.
Delo said he intends to relocate to the UK, which would allow him to continue donating without restriction. He said the move reflected both personal reasons and a desire to play a more direct role in the country’s future.
