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

Trade Hub UK briefing (2026-10-13): Former investor alleges BitMEX sold products in UK despite not being regulated by Financial Conduct AuthorityA cryptocurrency exchange founded by the… Primary source: original at The Guardian (theguardian.com).

By The Guardian

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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Source: The Guardian