TL;DR
- A CrowdStrike update caused issues affecting various industries. Despite this, the crypto sector remains unaffected.
- Companies such as Binance, Worldcoin, Tools for Humanity, and the Algorand Foundation, as well as Kraken, have confirmed that their operations have not experienced interruptions.
- The meme coin platform Pumpfun, operating on the Solana blockchain, highlighted its stability during the crisis.
A recent incident has caused widespread global disruption as CrowdStrike’s cybersecurity software experienced an update that resulted in problems for various industries, including banks, airports, and media outlets. The update caused failures in Windows operating systems, manifesting as the dreaded “blue screen of death.” Despite the magnitude of the issue, the crypto sector appears to have avoided the impact.
CrowdStrike, a cloud-based cybersecurity platform designed to prevent viruses and hacker attacks, has had its latest update result in a collapse of systems for numerous users. Despite the widespread issues, leading firms in the crypto industry have reported no failures related to the update. Companies such as Binance, Worldcoin, Tools for Humanity, and the Algorand Foundation have confirmed that their operations have remained intact. Kraken has also stated that it has not been affected by the CrowdStrike service disruption.
CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted. This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed. We…
— George Kurtz (@George_Kurtz) July 19, 2024
The Crypto Industry Shows Its Resilience
The meme coin platform Pumpfun, operating on the Solana blockchain, posted on X highlighting that while the London Stock Exchange faced issues, its platform continued to operate. The crypto community has praised Bitcoin’s resilience, emphasizing its decentralized structure as a crucial factor for its stability during the disruption.
Despite the stability of crypto platforms, it is worth noting that the Solana blockchain has experienced outages in the past. Protos, the source of the report, is in the process of reaching out to various cryptocurrency mining firms, exchanges, and token projects to assess if they have been affected by the CrowdStrike outage. So far, there have been no comments from companies such as Coinbase, Solana, Bitfinex, among others.
CrowdStrike has assured that the outages were not caused by a cyberattack and has identified the source of the problem, implementing a fix to mitigate the impact. As the situation evolves, further details on the full extent of the problem and its resolution are expected to be provided.
