HIGHLIGHTS

  • CrowdStrike may face a lawsuit due to last week's global outage

  • Dogecoin founder argues the compensation offered is insufficient

  • Polygon remained unaffected while many Web3 firms suffered

Despite CrowdStrike's promise to compensate partners for the recent global outage, Dogecoin (DOGE) founder Billy Markus believes the tech company cannot avoid an impending lawsuit.

The CrowdStrike Compensation Controversy

Recently, cybersecurity firm CrowdStrike Holdings Inc. experienced a significant outage that impacted its entire system. This disruption affected IT infrastructures worldwide, halting operations for numerous businesses. Critical services such as emergency services, airports, and stock exchanges, which rely on CrowdStrike's services, were notably affected.

CrowdStrike later attributed the outage to a bug in a quality-assurance tool used to check updates for errors, which allowed flawed data to reach customers, causing last week's system failure. While the company, along with Microsoft, has since implemented fixes, many systems are still not fully operational. CrowdStrike has committed to improving its Rapid Response Content testing to prevent future incidents.

In an attempt to make amends, CrowdStrike allegedly offered a $10 UberEats gift card to its partners. However, Dogecoin co-founder Billy Markus criticized the offer, stating, "That's not gonna prevent the multi-billion dollar lawsuit."

Polygon Unaffected by CrowdStrike Outage

Amidst the fallout, several firms, particularly in the crypto and Web3.0 sectors, reported no exposure to the outage. Notably, Polygon Labs, despite using CrowdStrike's services, reported no failures due to proactive security measures.

Mudit Gupta, Chief Information Security Officer (CISO) at Polygon Labs, explained that the company avoids rolling out non-critical updates without thorough testing. "A significant portion of the world's IT infrastructure is down right now, including emergency services, airports, and stock exchanges. Why other companies supporting critical operations don’t do that is beyond my understanding," Gupta remarked.

In contrast, Shytoshi Kusama, lead developer of Shibarium, suggested that CrowdStrike needs a new global operating system. Specifically, he proposed integrating the Shiba Inu ecosystem to prevent future occurrences.