UK Labour Party Accuses Reform UK Leader Nigel Farage of Avoiding Scrutiny Over Tether Billionaire Donation

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

Harborne holds approximately 12% of Tether shares and is worth around $24.4 billion. Labour Party chair Anna Turley stated that Farage should provide a clear public explanation regarding the use of the funds and related circumstances, rather than repeatedly evading questions from the media and regulatory bodies.

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

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 best-funded political parties in the UK. (Decrypt)