Explainable Ponzi Schemes Detection on Ethereum

arXiv:2301.04872v2 Announce Type: replace
Abstract: Blockchain technology has been successfully exploited for deploying new economic applications. However, it has started arousing the interest of malicious actors who deliver scams to deceive honest users and to gain economic advantages. Ponzi schemes are one of the most common scams. Here, we present a classifier for detecting smart Ponzi contracts on Ethereum, which can be used as the backbone for developing detection tools. First, we release a labelled data set with 4422 unique …

applications arxiv blockchain cs.cr cs.lg detection economic ethereum exploited interest malicious malicious actors ponzi scams technology