BitMEX co-founder Ben Delo faces £20m lawsuit over unregulated UK crypto sales

Software engineer Lewis Barber is suing BitMEX, co-founded by Reform donor Ben Delo, for £20m, alleging the exchange sold crypto derivatives to UK investors without FCA authorization. The claim, if proven, would highlight ongoing regulatory gaps in crypto retail access. The case is at an early stage; the outcome and any regulatory fallout remain uncertain.