This isn't really related to Microsoft at all. This is 100% a CrowdStrike EDR fuck up. They sent a channel file out that was full of Null. This is essentially a small driver file that is loaded at the kernel level of the OS, BEFORE everything, including the network stack. The kernel attempts to load the null driver and to protect itself, it blue screens, as it is designed to do.
The primary issue here is that this happens before the network stack is loaded, so there is no way to send an updated channel file before the BSOD hence the fix HAS to be manual intervention. The reboots thing may or may not work. I've heard reports of people rebooting 20+ and still nothing. The issue is also more complicated if a whole disk encryption is used like BitLocker.
I don't envy IT right now.
And for the first time I am glad we use Trellix for EDR and not CrowdStrike