Crypto appears unaffected by global CrowdStrike outages
Crypto firms are seemingly unaffected by the CrowdStrike software update that has caused major disruption for banks, airports, and media outlets across the globe. CrowdStrike is a cloud-based cybersecurity software that works to prevent viruses and hackers. Today it released an update that reportedly caused Windows software to crash with the so-called ‘blue screen of death.’ However, much of the crypto industry appears to be unscathed. Binance, Worldcoin, Tools for Humanity, and the Algorand Foundation have all told Protos that they have not been impacted by the outage. A Kraken spokesperson has since told Protos that it is also unimpacted by the CrowdStrike outage. 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, 2024CrowdStrike CEO detailing the scale of the outages.Pumpfun, a meme coin platform run on the Solana blockchain, also posted on X (formerly Twitter), “The London Stock Exchange is down but pump dot fun is up, Do you understand?” Indeed, CoinDesk reported this morning that no crypto-related firms had reported any errors or outages in their services so far Crypto enthusiasts on X are also pointing out that Bitcoin is unaffected while praising its decentralized structure. It’s also worth noting that despite Pumpfun’s post on this particular outage, the Solana-based blockchain it operates on has suffered numerous outages in the past. Read more: Solana ‘only’ down for 5 hours but that was plenty of time for memes Protos has reached out to various crypto mining firms, exchanges, token projects, and blockchain firms to gauge the impact of the CrowdStrike outages and will update this piece should we hear anything back. We have so far heard no updates from Coinbase, Solana, Bitfinex, Arkham, Bybit, Breadcrumbs, Argo Blockchain, Riot Platforms, and Marathon Digital Holdings. CrowdStrike claims the outages are not the result of a cyberattack, adding that it has identified the source of the issue and deployed a fix. Update July 19, 14:43 UTC: Included a statement from Kraken on the CrowdStrike outages. Got a tip? Send us an email or ProtonMail. For more informed news, follow us on X, Instagram, Bluesky, and Google News, or subscribe to our YouTube channel.