We double checked our monitoring data, @realScamSniffer ’s monitoring data and Balancer’s description, this is not a certain BGP hijacking. The coincidence of time puzzled us. We look forward to Balancer’s final post-mortem report.
On September 20, 2023, our security team indicated that Balancer.fi fell victim to a BGP (Border Gateway Protocol) Hijacking attack. Users who accessed the platform via the compromised link found their wallets were at risk of phishing attacks.
Upon receiving the alert, we promptly launched an in-depth investigation. According to CloudFlare’s BGP Origin Hijack alert number 17957, the list of affected Autonomous System Numbers (ASNs) includes AS13335, which is associated with Balancer.fi. When the attack was ongoing, access to the phishing site would trigger a phishing security warning issued by CloudFlare.
- A query was conducted for the DNS resolution records of the Balancer.fi domain (https://bgp.tools/dns/balancer.fi). The A records indicate IP addresses 22.214.171.124 and 126.96.36.199. Both of these IP addresses are registered under the Autonomous System (AS) number AS13335, which is managed by CloudFlare.
2. Based on CloudFlare’s official records available at (https://radar.cloudflare.com/routing/anomalies/hijack-17957, AS13335 is identified among the list of Autonomous Systems (AS) compromised by the BGP Origin Hijack attack.
3. It was revealed that the HTTPS certificate for Balancer.fi had been swapped out for a certificate controlled by the attacker.
4. The problem has now been fixed, but before it was fixed, attempting to access https://app.balancer.fi, would encounter a phishing security warning issued by CloudFlare.
6. Once users connects their wallets to the app.balancer.fi platform, the rogue script automatically assesses the users’ account balances and initiates a phishing attack.
The SlowMist security team would like to inform users that the previously reported BGP attack targeting Balancer has been addressed. However, as a best practice for maintaining your security, we strongly recommend remaining vigilant and cautious when interacting with any platform. Always ensure you are on the legitimate site and double-check any security prompts or alerts you may encounter.
Implement Custom Monitoring: Develop your own monitoring systems that alert you to any BGP changes within your private network segments.
Opt for Industry-Leading Solutions like Akamai: Akamai provides a robust global BGP monitoring service backed by big data analytics. This allows clients to closely monitor BGP changes in their designated network ranges, ensuring timely identification and resolution of security issues.
Following a thorough analysis by our security experts, the incident was conclusively determined to be a targeted BGP Hijacking attack against Balancer.fi. The attackers adeptly orchestrated various tactics including careful timing, certificate forgery, and AS control, executing them seamlessly.
A critical takeaway is that while many network operators are well-versed in the risks of BGP Hijacking and have taken adequate countermeasures, the same can’t be said for numerous project teams. Many lack a full understanding, particularly concerning the risks introduced by AS changes leading to altered network paths. Given this, the likelihood of similar attacks occurring in the future remains high.
Therefore, SlowMist’s security team strongly advises project managers, internet service providers, and server hosting companies to be fully aware of such risks and to collaborate in creating a robust defense strategy. This proactive approach is essential to preclude the recurrence of such incidents. Should you require expert guidance, SlowMist’s security team is readily available for consultation.
SlowMist is a blockchain security firm established in January 2018. The firm was started by a team with over ten years of network security experience to become a global force. Our goal is to make the blockchain ecosystem as secure as possible for everyone. We are now a renowned international blockchain security firm that has worked on various well-known projects such as Huobi, OKX, Binance, imToken, Crypto.com, Amber Group, Klaytn, EOS, 1inch, PancakeSwap, TUSD, Alpaca Finance, MultiChain, Cheers UP, etc.
SlowMist offers a variety of services that include by are not limited to security audits, threat information, defense deployment, security consultants, and other security-related services. We also offer AML (Anti-money laundering) software, Vulpush (Vulnerability monitoring) , SlowMist Hacked (Crypto hack archives), FireWall.x (Smart contract firewall) , Safe Staking and other SaaS products. We have partnerships with domestic and international firms such as Akamai, BitDefender, FireEye, RC², TianJi Partners, IPIP, etc.
By delivering a comprehensive security solution customized to individual projects, we can identify risks and prevent them from occurring. Our team was able to find and publish several high-risk blockchain security flaws. By doing so, we could spread awareness and raise the security standards in the blockchain ecosystem.