Another incident at Okta? Oh no! Its security has _always_ been a mess. It's a dumpster fire and no client of their cares because their identity systems are so messed up, that it's better to have the mess of Okta, than the mess they are sitting on. It's kinda crazy they get away with such incredibly bad security practices. Like... this bcrypt issue has been know for a LONG while. We used to test for it 8-10 years ago.
There's either (1) nobody competent enough there to know (which is likely not true, I had a pentester friend recently join, and she is very good), or, more likely (2) management doesn't care and/or doesn't give enough authority to IT security personnel.
As long as clients don't have any better options, Okta will stay this way.