Shiba

Dogecoin

Kusama

Shiba Inu

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. 
<h2 id="strong-the-crowdstrike-compensation-strong">The CrowdStrike Compensation</h2> 
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&nbsp;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 <a href="https://coingape.com/crypto-market-remains-unfazed-amid-microsoft-tech-glitch/">Microsoft</a> 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.&nbsp; 
In addition to these efforts, CrowdStrike allegedly offered a $10 UberEats gift card to partners as an apology for the global outage.&nbsp; 
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.” 
<blockquote class="twitter-tweet"> 
 yeah that’s not gonna prevent the multi-billion dollar lawsuit guys <a rel="nofollow" href="https://t.co/QIiErRznx1">pic.twitter.com/QIiErRznx1</a> 
 — Shibetoshi Nakamoto (@BillyM2k) <a rel="nofollow" href="https://twitter.com/BillyM2k/status/1816167269292204116?ref_src=twsrc%5Etfw">July 24, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
CrowdStrike may truly have a class action lawsuit looming. 
<h2 id="strong-polygon-unaffected-by-crowdstrike-failure-strong">Polygon Unaffected by CrowdStrike Failure</h2> 
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. <a href="https://coingape.com/just-in-polygon-labs-ciso-confirms-crowdstrike-use-systems-unaffected/">Polygon Labs</a> 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.&nbsp; 
“A&nbsp;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 <a href="https://coingape.com/shytoshi-kusama-teases-shiba-inu-as-solution-to-crowdstrike-failure/">Shiba Inu</a> ecosystem to avoid a recurrence.&nbsp; 
Read More: <a href="https://coingape.com/markets/solana-whales-stake-41-million-sol-edges-to-50-rally/" target="_blank" rel="noopener">Solana Whales Stake $41 Million in 2 Days as SOL Edges Closer to 50% Breakout Rally</a> 
The post <a href="https://coingape.com/dogecoin-founder-cements-bet-on-billion-dollar-lawsuit-against-crowdstrike/">Dogecoin Founder Cements Bet On Billion-Dollar Lawsuit Against CrowdStrike</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Dogecoin Founder Cements Bet On Billion-Dollar Lawsuit Against CrowdStrike

Table of Contents

Coingape News Media

Other articles published on Jul 24, 2024

Ethereum Price Prediction: Spot ETH ETFs Debut With $107 Million Net Inflows As BlackRock Leads, ...

Harris Themed Meme Coin KAMA Surges 1226%

Mark Cuban says Kamala Harris will be ‘more open’ to AI and Bitcoin

Senator Cynthia Lummis Calls Biden’s Bitcoin Mining 30% Tax Senseless

WazirX Plans Poll to Decide on Resuming Withdrawals and Trading

Grayscale Moves $1 Billion in Ethereum to Coinbase

Join our free newsletter for daily crypto updates!