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A CEX co-founder donates $5.4 million to the UK’s Reform UK party

GateNews
USDT newsGeopoliticsRegulation & PolicyEnforcement Actions
Gate News message: On April 9, a CEX co-founder, Ben Delo, disclosed that he had donated $5.4 million (about £4 million) to the Reform UK Party, led by Nigel Farage. The donation took place before new regulations were introduced in the UK setting a £100k cap on donations from overseas expats. Delo previously pleaded guilty in the United States in 2022 for the exchange violating anti-money-laundering compliance rules, paid a $10 million fine, and was later pardoned by Trump. Reform UK previously received a £11.4 million donation from Christopher Harborne, a Thai national and a Tether investor. The party positions itself as the most crypto-friendly political party in the UK, but the UK government has issued a suspension order on cryptocurrencies in political donations. Delo said he plans to move to the UK, at which point he will not be subject to donation limits.
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