What do you think would happen if MarkMonitor completely shut down Google.com, Microsoft.com, or Amazon.com because of a user submitted image hosted on one of their subdomains?
Obviously some images are more harmful and illegal than others, but Namecheap has absolutely no business acting as judge, jury, and executioner when it comes to something that in no way passes through any part of their infrastructure.
If they’re not hosting the DNS or web servers hosting the offending image then they should stand down. They took down Imgur for not deleting an image within I believe it was 2 hours of notice. Completely unprofessional.