CrowdStrike, Windows BSoD Meme Tokens Populate Solana and Ethereum Amid Global Internet Outage

Summary

New crypto tokens themed after internet services company CrowdStrike and Microsoft's "Blue Screen of Death" (BSoD) error were issued on Ethereum and Solana blockchains during a global internet outage. The outage, reportedly linked to a problematic CrowdStrike software update, affected several services and caused millions of Windows users to experience the BSoD error. Despite this, no crypto-related companies reported any service disruptions. Tokens referring to CrowdStrike, STRIKE, Microsoft, bluescreenofdeath, and BSoD were actively traded, with some reaching market capitalizations of up to $1 million. This practice of creating tokens based on trending news is a common behavior among crypto market participants, often resulting in profits for the creators and early buyers despite the tokens typically losing all value eventually.

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