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Two crypto billionaires donate £72m to Reform UK

financeSep 12, 202623983

Two cryptocurrency billionaires each donated £36 million to Nigel Farage’s Reform UK, a combined £72 million that outstrips the total donations received by all UK political parties last year. Ben Delo, who returned to live in the UK from Hong Kong, gave £36 million; Delo was convicted in the US in 2022 for failing to implement adequate anti-money laundering controls at his BitMEX business and was later pardoned by Donald Trump. Christopher Harborne matched that £36 million gift; Harborne had previously given about £15 million to Reform and he is the subject of a separate standards inquiry over an undeclared £5 million personal gift. Reform said it was confident Delo would not be subject to the overseas-donor residency cap requiring 12 months UK residence before donating over £100,000. The donations arrive while Nigel Farage faces a Metropolitan police investigation into overseas funding for Reform and have renewed calls from Labour MP Stella Creasy and others for a statutory cap or other measures to limit mega-donors. Farage said he was “honoured and humbled” by Delo’s support, and Reform has received roughly £8 million from Delo earlier this year as well.

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