On March 3, according to Cointelegraph, a co-founder of a major centralized exchange (CEX), Ben Delo, pledged to donate approximately $27 million to the London Institute of Mathematical Sciences (LIMS), making it one of the largest private donation recipients outside of Oxford and Cambridge in the UK. This funding includes a $13.3 million advance payment and an equal amount raised through additional fundraising to establish a long-term endowment fund totaling $80 million, supporting research in theoretical physics, pure mathematics, and artificial intelligence.
Ben Delo stated that he hopes the institute’s scholars will win Fields Medals and Nobel Prizes. He emphasized that choosing LIMS over large universities allows researchers to focus on scientific research without the burden of teaching and administrative duties. He also criticized the UK’s research funding system for lacking vitality and coherence. Delo has previously funded the Ben Delo Scholarship and supports charitable causes such as neurodiversity, academic freedom, and mathematics education.
Reports indicate that Delo paid a $10 million fine before receiving a pardon from Donald Trump, after admitting responsibility along with co-founders for violating U.S. banking laws. In March 2025, President Trump granted him a pardon, allowing him to continue participating in scientific research and philanthropy.
LIMS was founded in 2011 by physicist Thomas Fink and is located within the Royal Institution of the UK. Its offices were once the residence of chemist Michael Faraday. The institute offers three-year scholarships for scientists and funds exiled researchers, attracting scientists worldwide.
Meanwhile, UK lawmakers are calling for a temporary ban on political donations via cryptocurrencies, warning that such payments could lead to foreign interference. Previously, Reform UK received a record-breaking $12 million in political donations from early cryptocurrency investor Christopher Harborne. Industry experts believe that as crypto assets continue to enter academic and political spheres, regulation and compliance issues will become key concerns.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A forecasting platform removes a missing U.S. Air Force pilot market, triggering controversy over rule transparency and insider trading
A prediction platform was taken down for violating rules after it posted a prediction market about missing American pilots, sparking controversy. The market showed that most users believed the pilots would not be rescued in the short term. Congressman Moulton criticized the transaction as disgusting, questioned the transparency of the rules, and expressed concern about insider trading, calling for stronger regulation.
GateNews2h ago
Judge continues Nevada ban on Kalshi sports markets
A state judge in Nevada extended a temporary ban on prediction market provider Kalshi's sports-related contracts in the Silver State on Friday.
Judge Jason Woodbury in the First Judicial District Court told attorneys at a hearing in the Carson City courthouse that he would also grant the Nevada
CoinDesk3h ago
The central government launches the "Tianwang 2026" initiative, with multiple departments working together to crack down on underground money remitters moving stolen funds across borders
The Central Coordinating Group for Anti-Corruption recently launched the "Tianwang 2026" campaign, covering four special tasks. The effort aims to pursue fugitives and recover stolen assets, crack down on overseas official-duty crimes, and curb the transfer of stolen funds through offshore companies, while strengthening outbound travel oversight for public officials.
GateNews8h ago
Polymarket removes prediction markets related to the U.S. military Iran rescue operation
Gate News message, April 5, the prediction market platform Polymarket has taken down a betting page related to a U.S. military rescue operation. Local time on Friday, a U.S. F-15E fighter jet was shot down by Iran, one crew member has been rescued, and the other remains missing and falling. The page previously allowed users to bet on which day the U.S. side would confirm that the two pilots had been rescued.
GateNews11h ago
Cambodian lawmakers propose severe prison time for crypto scammers
Cambodia's parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency.
In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58
Cointelegraph14h ago
