Labour could ‘go under’ with Starmer at the helm, says outgoing Unite boss
Firebrand union leader Len McCluskey has fired a vicious parting shot against Sir Keir Starmer, claiming Labour’s ship could “go under” with him at the helm.
In hard-hitting memoirs to mark his retirement, the Unite general secretary known as “Red Len” suggests Sir Keir will fail to win back the “Red Wall” seats Labour lost to the Tories in 2019.
Mr McCluskey, still Jeremy Corbyn‘s chief union cheerleader, accuses the Labour leader of struggling to inspire the public, “vapid New Labour cliches”, and an “anti-democratic crackdown on the left”.
Len McCluskey is standing down as leader of the Unite union
In the book, titled Always Red, he settles old scores with enemies in the Labour movement including Tom Watson and Gerard Coyne – the rival he narrowly defeated in an election in 2017 who is now a candidate for general secretary once again.
And Mr McCluskey also confirms one of Westminster’s worst kept secrets: that he is in a relationship with Mr Corbyn’s chief of staff Karie Murphy, who is singled out for praise several times in the book.
Writing about rumours about their “personal connection” when she went to work for Mr Corbyn, he admits to “a game of cat of mouse” with the press. “We wanted our relationship to be kept private, away from the public gaze,” he reveals.
But in the very last sentence in the book, he writes: “Finally, thank you to Karie for persuading me to write this book and giving me the love and support to see it through.”
In a highly unusual move, several pages of what the publishers call “sensitive material”, including a showdown with Sir Keir about Mr Corbyn’s suspension from Labour, have been redacted until publication next month.
An uncompromising and highly critical chapter about the Labour leader, in which Mr McCluskey questions whether he is a “babe in the woods” or “altogether more calculating”, includes no fewer than 25 blacked out paragraphs.
Mr McCluskey was a staunch ally of Jeremy Corbyn during his tenure as Labour leader
The first redaction is about a phone conversation when Sir Keir told the Unite leader he had suspended Mr Corbyn over antisemitism, followed by more than two pages about a meeting with the leader and his deputy Angela Rayner.
Mr McCluskey writes: “Angela began by requesting our discussion be confidential. Given what happened subsequently, I no longer feel bound by that.”
Then comes the two-page redaction. And he adds defiantly: “I am so confident of the account I have given here that I have submitted it for use in legal proceedings and will stand by it in court.”
In a withering verdict on Sir Keir after Mr Corbyn’s suspension, Mr McCluskey writes: “I still hoped and believed that Keir Starmer could be Prime Minister.
“But I was fearful that if he continued on the course set in his first year of leadership he would not win back the red wall seats.
“If a general election was called early, which seemed possible, Starmer would have little time to rectify his mistakes.
“He still had the opportunity to change course, unite his party around a radical platform and make the promised ‘moral case for socialism’.
“But he needed to realise that if the ship he was captaining listed too far to the right, it would go under.”
On his feud with Mr Watson, Mr McCluskey talks about “the death of a friendship” when the then Labour deputy leader pulled out of peace talks with the unions during a coup against Mr Corbyn in 2018.
The first redaction is about a phone conversation when Sir Keir Starmer told the Unite leader he had suspended Jeremy Corbyn over antisemitism
He adds: “I haven’t spoken to Tom since, save for a few barbed texts two years later when his attempt to unseat me as Unite’s general secretary failed.”
Accusing Mr Watson of “a view to doing Corbyn in” and being “duplicitous”, Mr McCluskey speculates that his motives may have been to become interim leader and maybe stay on without a contest.
“Whatever the truth, it was a squalid, ignoble way to end a valued friendship.”
On Mr Coyne, Mr McCluskey says; “There is no doubt that the 2017 Unite general secretary election was a proxy war. If they could take me down, they could take Jeremy down.
“Were it not for the group of right-wing MPs and officials sometimes dubbed the ‘West Midlands mafia’ – the likes of John Spellar, Jess Phillips and Tom Watson – I’m sure Coyne would have remained a man of no consequence.”
Accusing Mr Coyne of “pumping out lies” and a negative campaign, he writes: “It was vicious. It was horrible. It consisted almost entirely of personal attacks and smears against me.”
He also accuses his rival of being “not a good loser” and a “Trump-like crusade to overturn the election result”. But he also accuses Mr Watson of being involved in “this grubby attempt to dislodge me using underhand means”.
Mr Coyne is currently standing in the election to succeed Mr McCluskey against Steve Turner and Sharon Graham, with the result due in late August.
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Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty.
Ko, a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin (BTC) investment by the Taiwanese government at the National Conference on May 9.
In his remarks, Ko cited Bitcoin’s potential to become a hedge amid global economic risks and urged Taiwan to recognize the cryptocurrency alongside gold and foreign exchange reserves to boost its financial resilience.
Ko’s announcement came shortly after the legislator held talks with Samson Mow, who advocates for Bitcoin adoption by states like El Salvador at his BTC tech firm Jan3.
Taiwan is an export-oriented economy
Ko highlighted that Taiwan is an export-driven economy that has experienced significant fluctuations in its national currency, the New Taiwan dollar, amid global inflation and intensifying geopolitical risks.
“We currently have a gold reserve of 423 metric tons, and our foreign exchange reserves amount to $577 billion, including investments in US Treasury bonds,” the lawmaker stated.
In a scenario of more intense currency volatility or potential regional conflicts, Taiwan may “very likely be unable to ensure the security and liquidity,” Ko continued, adding that Bitcoin could be a great addition to Taiwan’s reserves for several reasons.
“Bitcoin has been operating for over 15 years. It has a fixed total supply, is decentralized, and is resistant to censorship. Many countries are focusing on its hedging attributes. At the same time, in intense situations, it may not face the risk of embargo,” he said.
Bitcoin is not the only solution
Referring to many global initiatives considering Bitcoin adoption as a reserve asset, Ko stressed that he’s not advocating for Bitcoin as the “only solution” to rising economic challenges.
Instead, the legislator suggested adding a “small proportion of Bitcoin” into the diversified assets as tools for sovereign asset allocation and risk hedging, and backup capacity of Taiwan’s financial system.
Related: Trump tricked into pushing XRP for crypto reserve: Report
He previously suggested that Taiwan could allocate a maximum of 5% of its $50 billion reserve to Bitcoin in an X post on May 6.
“When exchange rate risk and regional uncertainty increase, it is time to introduce new tools to construct a more flexible financial strategy framework,” Ko said, adding:
“As former Dean Chen Chong said, Bitcoin is the gun of the digital era. It may also be the gold of the digital era, the silver of the digital era. Or it could be gunpowder. A wise nation will not let weapons be in others’ hands.”
The news comes as Taiwan is emerging as a crypto-friendly jurisdiction, with the Financial Supervisory Commission pushing institutional trials of crypto custody services in late 2024.
Mainland China continues to maintain its hostile stance on cryptocurrency after imposing a ban on multiple crypto activities, including mining, in 2021.
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German law enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen after Bybit’s record-breaking $1.4 billion hack.
The seizure, announced on May 9 by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office, involved multiple crypto assets, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Dash (DASH). The move marks the third-largest crypto confiscation in the BKA’s history.
The authorities also seized eXch’s German server infrastructure with over eight terabytes of data and shut down the platform, the announcement added.
eXch exchanged crypto without AML
In the statement, the BKA described eXch as a “swapping” service that allowed users to exchange various crypto assets without implementing Anti-Money Laundering (AML) measures.
The platform had operated since 2014 and reportedly facilitated about $1.9 billion in crypto transfers, some of which were believed to be of “criminal origin,” including assets laundered during the Bybit hack.
“Among other things, a portion of the $1.5 billion stolen from the Bybit crypto exchange, which was hacked on Feb. 21, 2025, is said to have been exchanged via eXch,” the authorities wrote.
Multisig, FixedFloat among laundering cases
According to a post by crypto sleuth ZachXBT, eXch was also involved in laundering millions of funds from other crypto thefts and exploits, including Multisig, FixedFloat and the $243 million Genesis creditor theft.
Those were in addition to “countless phishing drainer services over the past few years with refusal to block addresses and freeze orders,” ZachXBT said.
ZachXBT was among the first security analysts to report on eXch’s links to laundering $35 million of crypto assets stolen from Bybit soon after the hack was confirmed.
Related: Hacken CEO sees ‘no shift’ in crypto security as April hacks hit $357M
“Lazarus Group transferred 5K ETH from the Bybit Hack to a new address and began laundering funds via eXch (a centralized mixer) and bridging funds to Bitcoin via Chainflip,” ZachXBT wrote in a Telegram post on Feb. 22.
eXch announced termination of services by May 1
After initially denying involvement in laundering funds from the Bybit hack, eXch eventually announced it would cease operations by May 1 in a Bitcoin Talk post published in mid-April.
“Even though we have been able to operate despite some failed attempts to shut down our infrastructure […], we don’t see any point in operating in a hostile environment where we are the target of SIGINT [Signals Intelligence] simply because some people misinterpret our goals,” it wrote.
Addressing the seizure, senior public prosecutor Benjamin Krause stressed the importance of action against “quick and anonymous opportunities for money laundering for any amount.”
“Crypto swapping is an essential component of the underground economy, used to conceal incriminated funds from illegal activities such as hacking or trading in stolen payment card data, thus making them available to perpetrators,” he said.
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