According to The Sunday Times on July 5, Reform UK leader Nigel Farage received staff, private security, and access to a five-storey central London property from George Cottrell, a convicted fraudster involved in the offshore crypto gambling site Tether.bet, without publicly disclosing these benefits. Farage registered only one benefit upon entering Parliament in July 2024: travel, security, and accommodation worth less than £9,300 for a Belgium event. Farage stated he "followed the rules" over the gifts.
Cottrell, convicted in 2016 for wire fraud related to a money laundering plot and served eight months in prison, has been a close adviser to Farage for over 10 years. The scandal marks the second undisclosed crypto-linked gift controversy for Farage within two months, following parliamentary scrutiny over a £5 million gift from crypto billionaire Christopher Harborne in May.