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BitMEX
Organisation

BitMEX

Cryptocurrency derivatives exchange co-founded by Ben Delo.

On 3 September, the Electoral Commission register linked BitMEX co-founder Ben Delo to £4 million in Reform UK donations accepted in April 2026, placing the exchange's founding history beside a prominent British political disclosure.

Last refreshed: 3 September 2026 · Appears in 1 active topic

Key Question

How did BitMEX's US guilty plea connect to a UK political donation?

Timeline for BitMEX

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Background

BitMEX operates a Cryptocurrency derivatives exchange and was co-founded by Ben Delo. Its role in digital-asset markets makes the exchange's governance and compliance history relevant to users, counterparties and regulators.

US prosecutors examined anti-money-laundering failures at BitMEX, a process that reached one of its co-founders and resulted in probation for Delo. The episode remains part of the exchange's durable regulatory record because it concerns the controls expected of a derivatives venue handling cryptocurrency trading.

Common Questions
What is BitMEX?
BitMEX is a Cryptocurrency derivatives exchange co-founded by Ben Delo.Source: Wikipedia
Why did a BitMEX co-founder plead guilty in the US?
Ben Delo pleaded guilty in 2022 to a Bank Secrecy Act charge over BitMEX's anti-money-laundering failures.Source: Wikipedia
Is BitMEX connected to Reform UK's donations?
Yes. Co-founder Ben Delo gave Reform UK £4m in cash, disclosed in the Electoral Commission's Q2 2026 register.Source: Electoral Commission