Just-In: Polygon Labs CISO Confirms CrowdStrike Use, Systems Unaffected

Varinder Singh
July 19, 2024
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Highlights

  • Polygon Labs chief information security officer Mudit Gupta confirmed that the company uses CrowdStrike services.
  • While the world faces global outage sue to CrowdStrike, the company remains unaffected.
  • Crypto experts said the outage is another wake-up call for industries still relying on Web2.

Polygon Labs chief information security officer (CISO) on Friday confirmed the company uses CrowdStrike services. However, he cleared that the company’s system and services were not impacted while the world’s IT infrastructure suffered an outage due to a CrowdStrike update.

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Polygon Labs Uses CrowdStrike Services

Mudit Gupta, CISO at Polygon Labs, took to X social media platform on July 19 to confirm that they weren’t affected by the global outage. He said the company also uses Crowdstrike, but the company 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.

A bug in Crowdstrike falcon EDR’s latest version caused blue screen of death errors and crashes for millions of Windows users globally, impacting airlines, railways, stock exchanges, and more businesses.

Also Read: Binance Traders Open New Bitcoin Short Positions, What’s Ahead?

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Crypto and Web3 Services Online Amid Global Outage

Crypto and Web3 remain unfazed by the Microsoft outage. Notably, even if Polygon Labs get impacted, Polygon networks will continue to run as it is decentralized.

“Even if Polygon Labs get affected in such an IT incident, nothing will be impacted on Polygon networks, said Mudit Gupta.

Crypto exchanges and other services remain online. Bybit announced it’s unaffected by the latest outage and assures clients and traders that “it’s very much business as usual at Bybit.”

Crypto experts warned industries are still reliant on Web2 for business and the outage is another wake-up call for these companies and industry. Blockchain and digital assets are the solutions.

Solana Labs co-founder Anatoly Yakovenko said all Microsoft Windows machines are just similar to clients plugged into one giant Windows computer. “Sun Microsystems was 30 years too early!”

Also Read: Donald Trump’s Big Money Raise From Bitcoin Conference Is Bullish For Crypto

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.