How 3 hours of inaction from Amazon cost cryptocurrency holders $235,000

How 3 hours of inaction from Amazon cost cryptocurrency holders $  235,000

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Amazon recently lost control of IP addresses it uses to host cloud services and took more than three hours to regain control, a lapse that allowed hackers to steal $ 235,000 in cryptocurrency from users of one of the affected customers, an analysis shows.

The hackers seized control of roughly 256 IP addresses through BGP hijacking, a form of attack that exploits known weaknesses in a core Internet protocol. Short for border gateway protocol, BGP is a technical specification that organizations that route traffic, known as autonomous system networks, use to interoperate with other ASNs. Despite its crucial function in routing wholesale amounts of data across the globe in real time, BGP still largely relies on the Internet equivalent of word of mouth for organizations to track which IP addresses rightfully belong to which ASNs.

A case of mistaken identity

Last month, autonomous system 209243, which belongs to UK-based network operator Quickhost.uk, suddenly began announcing its infrastructure was the proper path for other ASNs to access what’s known as a /24 block of IP addresses belonging to AS16509, one of at least three ASNs operated by Amazon. The hijacked block included 44.235.216.69, an IP address hosting cbridge-prod2.celer.network, a subdomain responsible for serving a critical smart contract user interface for the Celer Bridge cryptocurrency exchange.

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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