BitMEX Operator HDR Global Trading To Grant $400,000 to Non-Profit Security Organization Shadowserver Foundation

BitMEX Parent HDR Global Launches New Holding Company to Enable Expansions Beyond Crypto

HDR Global Trading Limited, the operator of cryptocurrency exchange BitMEX, is now a member of Shadowserver Foundation’s new industry alliance for internet security as it will provided this non-profit security organization $400,000 in grant over the period of next four years.

BitMEX made the announcement in blog post published on its official website on Monday, April 6. According to BitMEX, in the previous month of March, Shadowserver Foundation made a call for new sponsors to help it continue operations and move to a new data centre. In the light of this call, BitMEX is supporting this organization with $400,000 grant which will be given over the period of next four years.

Shadowserver, founded in 2004, is one world’s leading resources for Internet security reporting and malicious activity investigation. The organization promote a culture of sharing, equip organizations to improve their security, support criminal investigations, help protect victims, and offer free remediation reports.

According to its website, Shadowserver Foundation provides free daily cyber security network reports to 4,800 vetted network owners and 109 national computer emergency response teams (CERTs) in 138 countries. The organization also scans 4 billion IPv4 addresses 45 times a day.

bitmexShadowserver director Richard Perlotto commented:

“We thank Sam and the team for their rapid response to our call for help. They understand the benefits of a safe, more secure Internet, that is free for the global community. As a non-profit organisation, we believe that no one should have to pay to find out that they have been a victim of cybercrime. We welcome HDR into our new industry alliance and look forward to collaborating with them on free and fair cyber security services.”

BitMEX, based in Victoria, Seychelles, is a P2P crypto-products trading platform which is wholly owned by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles. HDR Global Trading has already in many crypto and blockchain development s project as on March 31, 2020, the company announced the grant of $100,000 for Bitcoin Core maintainer Michael Ford.

Samuel Reed, co-founder and CTO of BitMEX, on this new partnership, said:

“Shadowserver is an extremely highly regarded player in the botnet defence community. They work tirelessly and make a tangible difference to ensure the Internet is more secure for all users. Cross-industry collaboration is going to be essential to the future security of the Internet at large, and not least the cryptocurrency industry. We’re keen to play our part championing security over the long term by supporting such a brilliant organisation.”

If you found this article interesting, here you can find more Blockchain and Cryptocurrency News