CrowdStrike’s stock fell, while memecoins inspired by the outage surged.
Polygon Labs’ systems remained unaffected by the CrowdStrike outage.
On July 19, Mudit Gupta, CISO of Polygon Labs, confirmed that despite a global IT infrastructure outage caused by a CrowdStrike update, their systems were unaffected. Gupta stated that Polygon Labs employs CrowdStrike’s services but ensures rigorous testing of updates, a key security measure that shielded them from disruption.
The outage, attributed to a defect in CrowdStrike Falcon EDR’s latest version, led to blue screen errors and crashes for millions of Windows users worldwide, affecting airlines, stock exchanges, and emergency services. Despite this, Gupta assured that Polygon networks, being decentralized, remained operational and unaffected by the incident. He also highlighted that even if Polygon Labs were impacted, the decentralized nature of their network ensures its continuity.
Meanwhile, crypto exchanges and servi
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