Shadowserver Foundation Gets Support From BitMEX’s Operator
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Shadowserver Foundation Gets Support From BitMEX’s Operator

April 7, 2020      Jyoti Singh

The owner and operator of BitMEX, HDR Global Trading, on April 06, 2020, announced to accord $400,000 to Shadowserver Foundation, a non-profit security firm.

The parent company of the BitMEX stated that for the next four years it would provide $400,000 to the non-profit organization and would also act as its member.

Shadowserver Thanked HDR

While acknowledging the HDR Global Trading for its rapid help, the Director of Shadowserver, Richard Perlotto, stated that his company is committed to fighting the cybercrime. He stated that in February 2020, the IT firm Cisco Systems gave its support to Shadowserver to accelerate a call for new sponsors.

Recently, the Co-Founder and the Chief Technology Officer of BitMEX, Samuel Reed, 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.”

He further said that cross-industry collaboration would be beneficial for both internets as well as the cryptocurrency industry. Reed added that he and his team are very happy to work with such a brilliant organisation.

Controversies Related To BitMEX

The co-founder discussed the latest controversy which arrived when the trading giant went offline unexpectedly, because of which the Bitcoin price was hampered and fall down to $3,700. He claimed that because of the two DDoS attacks the crypto- exchange platform was crashed.

According to a report, on April 03, 2020, 11 lawsuits were filed against seven crypto-exchanges in a New York federal court and BitMEX is one of them. Roche Freedman, the law firm representing late David Kleiman in a case again Craig Wright, filed the lawsuits against the exchanges. In his petition, Freedman has claimed that without the broker-dealer licensing, the seven crypto exchanges sold the unlicensed securities and have been manipulating the market. He also has alleged that the issuers hide this information from the investors.

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Jyoti Singh
Jyoti Singh

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.