CrowdStrike Outage Could Be Fixed Within the Day, Unlikely Caused by a Hack, Polymarket Bettors Say

As a seasoned crypto investor with a background in IT and cybersecurity, I’ve seen my fair share of software outages and their impact on various industries. The recent CrowdStrike outage, causing widespread disruptions to businesses and services worldwide, is particularly concerning given the critical role this security software plays in protecting against cyberattacks.

According to wagers on Polymarket, a significant IT disruption instigated by an update from security firm CrowdStrike is expected to be remedied by Friday evening in the U.S. Eastern Time Zone, possibly even before then.

CrowdStrike represents a software solution designed to safeguard computers and networks against cyber threats. Institutions such as banks, airlines, emergency services, and businesses across the globe have experienced disruptions due to this outage. In response, the Federal Aviation Administration has instructed most major airlines to halt flights.

According to bettors, there is a high probability of around 89% that this issue will be resolved by Friday evening. Additionally, there is approximately a 70% likelihood that the issue will be addressed and possibly fixed by Friday noon.

As a crypto investor, I’m among those who are expressing doubts about the cause of the outage being a hack based on current market assessments. The probability assigned to this scenario is only at 9%.

There’s also an 81% chance that American Airlines will resume operations by Friday noon.

Crowdstrike’s stock is down over 10% in pre-market trading on the NASDAQ.

At 5:45 PM Hong Kong Time on Friday morning in the U.S., the CEO of the company announced through an update that they had pinpointed and separated the problem, and a solution would be implemented shortly.

Despite the recent incident, Bitcoin remains unfazed with its current trading price hovering above $63,700, representing a 1.7% decrease based on CoinDesk Indices figures.

Meme coin enthusiasts are enjoying the current trend, as several CrowdStrike and Windows Blue Screen of Death themed meme coins have emerged on the Solana platform.