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

The Guardian UK Tuesday 13 October 2026, 23:01 UTC By Daniel Boffey Chief reporter 1 min read
Key Points

Former investor alleges BitMEX sold products in UK despite not being regulated by Financial Conduct AuthorityA 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).

Former investor alleges BitMEX sold products in UK despite not being regulated by Financial Conduct Authority

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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Ben Delo (PERSON) BitMEX (ORG) UK (LOCATION) Financial Conduct (ORG) Barber (PERSON) the Financial Conduct Authority (ORG) FCA (ORG)
Originally published by The Guardian UK Read original →

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