British Labour Party accuses Reform UK leader Nigel Farage of evading scrutiny over Tether billionaire's donation

Odaily Planet Daily News: The British Labour Party has formally written to Nigel Farage, leader of Reform UK, accusing him of "evading reasonable scrutiny" regarding a £5 million (approximately $6.7 million) donation made in 2024 by Tether shareholder and billionaire Christopher Harborne.

Harborne holds about 12% of Tether's shares and has a net worth of approximately $24.4 billion. Labour Party Chair Anna Turley stated that Farage should provide a clear public explanation to the public about the use of these funds and related circumstances, rather than continuously evading inquiries from the media and regulatory bodies.

Currently, the UK Parliamentary Commissioner for Standards has officially launched an investigation into this matter to assess whether the funds were used for political activities. British Prime Minister Keir Starmer also publicly questioned why Farage has concealed this donation for such a long time.

Data shows that Harborne has donated a total of approximately £12 million ($16 million) to Reform UK, including the largest single personal political donation in modern British political history. Additionally, BitMEX co-founder Ben Delo donated £4 million to the party in the first quarter of 2026, helping Reform UK become one of the most financially endowed political parties in the UK. (Decrypt)