Cynthia Lummis praises Bitcoin’s immunity to global cyber outages
Senator Cynthia Lummis made a post on X pointing out that Bitcoin is completely unaffected by the massive global cyber outage happening right now. Her remarks came after a huge digital meltdown hit multiple industries earlier today.
The chaos was triggered by a messed-up software update from CrowdStrike, a cybersecurity firm. This update hit users of Microsoft’s Windows Operating System hard, causing havoc everywhere.
The result? Grounded flights, banking issues, and media blackouts all over the place. The travel sector was one of the hardest hit. Major U.S. airlines like American Airlines, Delta, and United had to ground flights.
Airports around the world, from Singapore to Amsterdam, were in disarray. Electronic systems went down, forcing manual check-ins. Eurowings in Germany even stopped flights until at least 15:00 GMT, expecting more delays and cancellations.
Banks are in trouble too. From Australia to Germany, financial institutions are struggling to function. Customers can’t execute transactions, and traders were freaking out, calling it “the mother of all global market outages.”
This showed just how fragile our global financial systems are. Media outlets didn’t escape the chaos either. In the UK, Sky News went off air, unable to broadcast due to the outage.
George Kurtz, CEO of CrowdStrike, explained that this wasn’t a cyberattack. Instead, a faulty content update for Windows hosts caused systems to crash, leading to the infamous “Blue Screen of Death” on many devices.
Microsoft admitted they knew about the issue and quickly worked on a fix, rolling it out soon after the problems began. Cybersecurity agencies in the UK and France confirmed that it wasn’t a malicious attack.
It is a software update caused by “human error.” Some services began to bounce back within hours, but experts warned that full recovery might take until early next week.
Analysts emphasized the need for stronger risk management strategies to prevent similar disasters in the future. Even a small technical glitch can lead to widespread chaos.
While the world struggles with the fallout, Bitcoin remains unaffected. In fact, it just crossed the $66,000 level for the first time since March 8, as Cryptopolitan reported earlier. Crypto’s decentralized nature proves its unique stability in our tech-reliant world.
