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The Guardian - UK
The Guardian - UK
Politics
Daniel Boffey Chief reporter

Cryptocurrency exchange founded by Reform donor Ben Delo sued for £20m

Ben Delo Bitmex Reform Financial Conduct Authority Crypto United Kingdom Bitcoin
BitMEX cofounder Ben Delo speaks into a microphone while gesturing during a panel discussion
BitMEX cofounder Ben Delo donated £36m to Reform, saying he wanted to see a ‘level playing field’. Photograph: Anne Schwarz Photography

A cryptocurrency exchange founded by the billionaire Reform UK donor Ben Delo is being sued for £20m over claims that the company mis-sold financial products in the UK.

Lewis Barber, who is a software engineer, alleges that BitMEX offered crypto derivative products to investors in the UK, despite not being regulated or approved to do so by the Financial Conduct Authority (FCA).

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