tl;dr
Polygon Labs' Chief Information Security Officer (CISO), Mudit Gupta, confirmed the company's use of CrowdStrike services and stated that their system and services were not affected by a global outage caused by a CrowdStrike update. Gupta emphasized that the company does not roll out non-critical up...
Polygon Labs' Chief Information Security Officer (CISO), Mudit Gupta, confirmed the company's use of CrowdStrike services and stated that their system and services were not affected by a global outage caused by a CrowdStrike update. Gupta emphasized that the company does not roll out non-critical updates before testing and highlighted the widespread impact of the bug in CrowdStrike Falcon EDR's latest version, which caused errors for millions of Windows users and disrupted various businesses and services.
Despite the outage, crypto and Web3 services, including Polygon networks, remained unaffected. Bybit also assured its clients and traders that their operations were normal. Crypto experts warned about the continued reliance on Web2 and emphasized the importance of blockchain and digital assets as solutions.
Mudit Gupta, CISO at Polygon Labs, took to 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.
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!"
More about C3 Ai Inc
Company: C3 Ai Inc
Stock Ticker: C3
Sector: Technology
Industry: Services - Prepackaged Software
Market Cap: $3,527,357,000
Dividend Yield: None
EPS: -2.34
P/E Ratio: 2.602
Forward P/E: -0.901
Volume: 310,582,000
Stock Price: $29.35
52-Week Change: 0
52-Week High: 0.196
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Cerberus Cyber Sentinel Corp
Cerberus Cyber Sentinel Corporation is a security services company in the United States.
Industry: TRADE & SERVICES
Sector: SERVICES-MANAGEMENT CONSULTING SERVICES
Market Cap: 7244800
Dividend Yield: None
EPS: None
P/E Ratio: -4.21
Forward P/E: 4.731
P/B Ratio: -0.943
Volume: 55165000
RSI (14): 1
MACD (12, 26): 0
ADX (14): -0.138