v2. "The issue was caused by a previously unidentified pathway that caused a feedback loop and overloaded our servers in a cascading fashion (or whatever). We have implemented a fix for this and updated our testing and deployment processes to stop similar cascades."
Which solves the problem long term?
As an architect making product choices, v2 wins every time.
(With the caveat that if the cause was something that reveals a fundamental problem with the larger processes/professionalism/culture of the company, especially to do with security concerns, then I'm not buying that product and migrating away if we already use it.