BitMEX operator commits $400K to cybersecurity nonprofit Shadowserver
April 6, 2020, 5:26PM EDT
1 min read
HDR Global Trading, the operator of cryptocurrency exchange BitMEX, has offered a $400,000 grant to nonprofit security organization Shadowserver Foundation.
Started in 2004, Shadowserver collects and analyzes Internet security data daily to help service providers identify and address malicious activities. As shown on its website, the nonprofit is currently offering Internet data reports to over 4,800 network owners and 109 national computer emergency response teams across 138 countries.
In a Monday statement, HDR Global Trading announced that it would offer the nonprofit $400,000 over the next four years as a member of the organization's new industry alliance for Internet security.
"Shadowserver is an extremely highly regarded player in the botnet defense community," Samuel Reed, HDR's co-founder and chief technology officer, said in a statement. "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."
Last week, HDR Group Trading committed $100,000 to support the work of Bitcoin Core maintainer Michael Ford. The company also previously donated to the MIT Digital Currency Initiative in 2019 to assist the work of developers there, especially Bitcoin Core developers Wladimir van der Laan and Cory Fields.