Following has been copied from the Erlef website:

Vulnerability description

Allocation of Resources Without Limits or Throttling vulnerability in elixir-plug plug_cowboy allows unauthenticated remote denial of service via atom table exhaustion.

Plug.Cowboy.Conn.conn/1 in lib/plug/cowboy/conn.ex calls String.to_atom/1 on the value returned by :cowboy_req.scheme/1. For HTTP/2 connections, cowlib passes the client-supplied :scheme pseudo-header value through verbatim without validation. Each unique value permanently allocates a new entry in the BEAM atom table. Since atoms are never garbage-collected and the atom table has a fixed limit (default 1,048,576), an unauthenticated attacker can exhaust the table by sending HTTP/2 requests with unique :scheme values, causing the Erlang VM to abort with system_limit and taking down the entire node.

This vulnerability does not affect HTTP/1.1, where cowboy derives the scheme from the listener type rather than from a client-supplied header.

This issue affects plug_cowboy: from 2.0.0 before 2.8.1.

Workarounds

Disable HTTP/2 on the Plug.Cowboy.https/3 listener by passing protocol_options: %{protocols: [:http]} in the cowboy options. This restricts the listener to HTTP/1.1, where the scheme is derived from the listener type and is not attacker-controlled.