• Hackers break into Amazon cloud accounts to mine cryptocurrencies, leaving owners stuck with huge bills for computing power.
  • Experts and developers say Amazon should put more guidelines in place for account accounting.
  • Amazon and other cloud providers say that user errors are responsible for most account violations.

Chris Chin, a Seattle-based developer who makes mobile apps for local publishers, woke up on New Years Day with an alarming warning from his Amazon Web Services account. It is said that he owes more than $ 53,000 for a month’s hosting, far from his typical bill of $ 100 to $ 150.

“I was just shocked and started freaking out,” Chin said in an interview with Insider.

The size of the bill, which Insider confirmed, led Chin to suspect that he was hacked by cryptocurrency miners who may charge heavy fees for the raw computing power used to produce …

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