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Headlines

Crypto entrepreneur pardoned by Trump donates £36 million to Farage's Reform UK

Published by Global Banking & Finance Review

Posted on September 11, 2026

1 min read

· Last updated: September 11, 2026

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Finance Banking Politics cryptocurrency Elections

Ben Delo Donates Record £36 Million to Farage’s Reform UK Party After Trump Pardon

Major Crypto Donation Boosts Reform UK Party

Sept 11 (Reuters) - Crypto investor Ben Delo said on Thursday he is donating a record £36 million ($48.7 million) to Britain's populist Reform UK party, handing Nigel Farage's party a major financial boost as it seeks to challenge Britain's two main parties at the next election.

About Ben Delo

Delo, the co-founder of crypto trading platform BitMEX, was convicted of a banking secrecy violation in the U.S. and pardoned by U.S. President Donald Trump, was already Reform UK's largest donor last quarter after a £4 million contribution.

Previous Donations

($1 = 0.7394 pounds)

Reporting Credits

(Reporting by Carlos Méndez in Mexico City, Elizabeth Piper in London; Editing by Chris Reese)

Key Takeaways

  • Ben Delo, pardoned in March 2025 by Trump for Bank Secrecy Act violations linked to BitMEX, donated £36M to Reform UK, far exceeding his prior £4M contribution (en.wikipedia.org)
  • Crypto funding now forms the bulk of Reform UK’s finances: since April 2024 they’ve received over £20M from crypto investors, with two individuals (Harborne and Delo) accounting for nearly 65% of all registered donations (independent.co.uk)
  • The surge in foreign-linked crypto donations—including this record gift—has triggered legal and parliamentary scrutiny, with investigations into possible breaches of UK political finance laws (apnews.com)

References

Frequently Asked Questions

Who is Ben Delo?
Ben Delo is the co-founder of crypto trading platform BitMEX and a major donor to Reform UK.
How much did Ben Delo donate to Reform UK?
Ben Delo donated a record £36 million to Britain's Reform UK party.
Was Ben Delo pardoned by President Trump?
Yes, Ben Delo was pardoned by former U.S. President Donald Trump following a conviction.
What impact will the donation have on Reform UK?
The £36 million donation gives Reform UK a significant financial boost ahead of the next UK general election.
What is Reform UK?
Reform UK is a populist British political party led by Nigel Farage, aiming to challenge the main parties in the upcoming election.

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