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@timmorton2.bsky.social Sep 22, 2026, 6:21 PM

Well well well
Ain’t #crypto fun?
#BenDelo

Billionaire #Reform donor Delo’s crypto firm faces US court action over #BlackThursday turmoil
observer.co.uk/news/nationa...

• One of the company's founders said the aim of the business was to target individual crypto investors, whom he described as "degenerate gamblers",
• BitMEX built up an internal fund worth about $3bn (£2.3bn at today's rates) from investor holdings that had been liquidated to protect them from large losses. The whereabouts of a large chunk of funds is unclear and the company has declined to comment.

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