Key facts
- Reform UK received £7 million ($9.4 million) from two crypto billionaires.
- Christopher Harborne donated $4 million, with ties to Tether.
- Ben Delo donated $5.4 million, co-founder of BitMEX.
- Reform UK's total funds raised outstripped other political parties in Q1.
- Labour and Conservative parties each received around $5.4 million in Q1.
Reform UK has received £7 million ($9.4 million) in donations from two cryptocurrency billionaires during the first quarter, significantly boosting its funds and surpassing the amounts raised by the Labour and Conservative parties. The donations include $4 million from Christopher Harborne, who has a stake in the stablecoin issuer Tether, and $5.4 million from Ben Delo, a co-founder of the crypto exchange BitMEX. This financial influx comes as the party, led by Nigel Farage, aims to gain traction ahead of potential elections. Data released by the Electoral Commission on Thursday confirmed these figures, showing that Labour and the Conservatives each received approximately $5.4 million in the same period.