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In this work, we reexamine the vulnerability of Payment Channel Networks (PCNs) to bribing attacks, where an adversary incentivizes blockchain miners to deliberately ignore a specific transaction to undermine the punishment mechanism of…

Cryptography and Security · Computer Science 2024-07-18 Zeta Avarikioti , Paweł Kędzior , Tomasz Lizurej , Tomasz Michalak

Soon after its introduction in 2009, Bitcoin has been adopted by cyber-criminals, which rely on its pseudonymity to implement virtually untraceable scams. One of the typical scams that operate on Bitcoin are the so-called Ponzi schemes.…

Cryptography and Security · Computer Science 2018-03-05 Massimo Bartoletti , Barbara Pes , Sergio Serusi

Distributed ledger technologies have opened up a wealth of fine-grained transaction data from cryptocurrencies like Bitcoin and Ethereum. This allows research into problems like anomaly detection, anti-money laundering, pattern mining and…

Social and Information Networks · Computer Science 2024-10-07 Naomi A. Arnold , Peijie Zhong , Cheick Tidiane Ba , Ben Steer , Raul Mondragon , Felix Cuadrado , Renaud Lambiotte , Richard G. Clegg

Multiple works have leveraged the public Bitcoin ledger to estimate the revenue cybercriminals obtain from their victims. Estimations focusing on the same target often do not agree, due to the use of different methodologies, seed addresses,…

Cryptography and Security · Computer Science 2023-11-29 Gibran Gomez , Kevin van Liebergen , Juan Caballero

Cryptocurrencies gained lots of attention mainly because of the anonymous way of online payment, which they suggested. Meanwhile, Bitcoin and other major cryptocurrencies have experienced severe deanonymization attacks. To address these…

Cryptography and Security · Computer Science 2022-04-06 Ardeshir Shojaeenasab , Amir Pasha Motamed , Behnam Bahrak

Cryptocurrencies that are based on Proof-of-Work (PoW) often rely on special purpose hardware to perform so-called mining operations that secure the system, with miners receiving freshly minted tokens as a reward for their work. A notable…

Cryptography and Security · Computer Science 2023-10-20 Aviv Yaish , Aviv Zohar

Blockchains are significantly easing trade finance, with billions of dollars worth of assets being transacted daily. However, analyzing these networks remains challenging due to the sheer volume and complexity of the data. We introduce a…

Machine Learning · Computer Science 2024-05-07 Jason Zhu , Arijit Khan , Cuneyt Gurcan Akcora

The Bitcoin cryptocurrency has received much attention recently. In the network of Bitcoin, transactions are recorded in a ledger. In this network, the process of recording transactions depends on some nodes called miners that execute a…

Cryptography and Security · Computer Science 2023-02-15 Ali Nikhalat-Jahromi , Ali Mohammad Saghiri , Mohammad Reza Meybodi

The Bitcoin protocol prevents the occurrence of double-spending (DS), i.e. the utilization of the same currency unit more than once. At the same time a DS attack, where more conflicting transactions are generated, might be performed to…

Physics and Society · Physics 2018-09-21 Marco Alberto Javarone , Craig Steven Wright

Selfish mining is a well known vulnerability in blockchains exploited by miners to steal block rewards. In this paper, we explore a new form of selfish mining attack that guarantees high rewards with low cost. We show the feasibility of…

Cryptography and Security · Computer Science 2018-12-18 Muhammad Saad , Laurent Njilla , Charles Kamhoua , Aziz Mohaisen

Cryptocurrencies such as Bitcoin and Ethereum have recently gained a lot of popularity, not only as a digital form of currency but also as an investment vehicle. Online marketplaces and exchanges allow users across the world to convert…

Discrete Mathematics · Computer Science 2018-07-17 Francesco Bortolussi , Zeger Hoogeboom , Frank W. Takes

Over the past three years, especially following WannaCry malware, ransomware has become one of the biggest concerns for private businesses, state, and local government agencies. According to Homeland Security statistics, 1.5 million…

Cryptography and Security · Computer Science 2020-03-18 Murat Ozer , Said Varlioglu , Bilal Gonen , Mehmet F. Bastug

Bitcoin is a cryptocurrency attracting a lot of interest both from the general public and researchers. There is an ongoing debate on the question of users' anonymity: while the Bitcoin protocol has been designed to ensure that the activity…

Cryptography and Security · Computer Science 2019-06-14 Remy Cazabet , Baccour Rym , Latapy Matthieu , Cazabet Remy

In many blockchains, e.g., Ethereum, Binance Smart Chain (BSC), the primary representation used for wallet addresses is a hardly memorable 40-digit hexadecimal string. As a result, users often select addresses from their recent transaction…

Cryptography and Security · Computer Science 2025-07-03 Taro Tsuchiya , Jin-Dong Dong , Kyle Soska , Nicolas Christin

Cybersquatting refers to the practice where attackers register a domain name similar to a legitimate one to confuse users for illegal gains. With the growth of the Non-Fungible Token (NFT) ecosystem, there are indications that…

Cryptography and Security · Computer Science 2025-04-21 Kai Ma , Ningyu He , Jintao Huang , Bosi Zhang , Ping Wu , Haoyu Wang

Since the creation of Bitcoin, transaction tracking is one of the prominent means for following the movement of Bitcoins involved in illegal activities. Although every Bitcoin transaction is recorded in the blockchain database, which is…

Cryptography and Security · Computer Science 2019-12-06 Tin Tironsakkul , Manuel Maarek , Andrea Eross , Mike Just

The problem of anomaly detection has been studied for a long time, and many Network Analysis techniques have been proposed as solutions. Although some results appear to be quite promising, no method is clearly to be superior to the rest. In…

Social and Information Networks · Computer Science 2017-02-28 Thai Pham , Steven Lee

In this paper we revisit the mining strategies in proof of work based cryptocurrencies and propose two strategies, we call smart and smarter mining, that in many cases strictly dominate honest mining. In contrast to other known attacks,…

Cryptography and Security · Computer Science 2019-02-13 Guy Goren , Alexander Spiegelman

Different types of malicious activities have been flagged in multiple permissionless blockchains such as bitcoin, Ethereum etc. While some malicious activities exploit vulnerabilities in the infrastructure of the blockchain, some target its…

Cryptography and Security · Computer Science 2021-01-29 Rachit Agarwal , Tanmay Thapliyal , Sandeep K. Shukla

Ransomware is considered as a significant threat for most enterprises since the past few years. In scenarios wherein users can access all files on a shared server, one infected host can lock the access to all shared files. We propose a tool…

Cryptography and Security · Computer Science 2022-02-16 Eduardo Berrueta , Daniel Morato , Eduardo Magaña , Mikel Izal
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