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

BitMEX, a cryptocurrency exchange founded by Ben Delo, is being sued for £20m by a former investor. The investor, Lewis Barber, claims that BitMEX sold financial products in the UK without proper regulation from the Financial Conduct Authority (FCA). This is a significant issue because it suggests that BitMEX may have been operating outside the bounds of UK financial laws, which could have put investors at risk. The outcome of this lawsuit could have implications for the cryptocurrency market and its relationship with regulatory bodies.

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A former investor is suing BitMEX for £20m, alleging the exchange sold products in the UK without proper regulation. This lawsuit could lead to increased regulatory scrutiny and potential fines for the company.

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