Dogecoin Founder Cements Bet On Billion-Dollar Lawsuit Against CrowdStrike

Even though CrowdStrike has promised to compensate partners for the global outage, Dogecoin (DOGE) founder is convinced the tech firm cannot escape from a lawsuit.

The CrowdStrike Compensation

A few days ago, cybersecurity company CrowdStrike Holdings Inc. experienced an outage that ran through its entire system. The unfortunate situation took a toll on IT systems globally, interrupting the operations of many businesses. Several organizations including emergency services, airports, and stock exchanges felt the effect of the outage as they utilizes the service of CrowdStrike.

The United States company later explained that a bug in a quality-assurance tool it uses to check updates for mistakes allowed flawed data to go out to customers. This led to the meltdown last week. So far, CrowdStrike and Microsoft have rolled out fixes and many systems are still not operating as normal. According to the firm, it is working on improving its Rapid Response Content testing for the future. 

In addition to these efforts, CrowdStrike allegedly offered a $10 UberEats gift card to partners as an apology for the global outage. 

Dogecoin co-founder Billy Markus does not think the offer is enough to cover the damages incurred due to the outage. He specifically said “that’s not gonna prevent the multi-billion dollar lawsuit.”

yeah that’s not gonna prevent the multi-billion dollar lawsuit guys pic.twitter.com/QIiErRznx1

— Shibetoshi Nakamoto (@BillyM2k) July 24, 2024

CrowdStrike may truly have a class action lawsuit looming.

Polygon Unaffected by CrowdStrike Failure

Meanwhile, a couple of firms announced their non-exposure to the unfortunate global outage. A significant percentage of these firms are crypto and Web3.0 companies. Polygon Labs admitted to using the CrowdStrike service but said its systems did not suffer any failure due the global outage.

Mudit Gupta, CISO at Polygon Labs highlighted that the outfit uses Crowdstrike, but the doesn’t roll out non-critical updates before testing, a few of the measures the company takes for security. 

“A good chunk 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,” he added.

On the other hand, Shibarium lead developer Shytoshi Kusama thinks CrowdStrike needs a new worldwide operating system. Specifically, he said the cybersecurity firm needs the Shiba Inu ecosystem to avoid a recurrence. 

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