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Flash Loan, as an emerging service in the decentralized finance ecosystem, allows users to request a non-collateral loan. While providing convenience, it also enables attackers to launch malicious operations with a large amount of asset…

Cryptography and Security · Computer Science 2021-04-22 Dabao Wang , Siwei Wu , Ziling Lin , Lei Wu , Xingliang Yuan , Yajin Zhou , Haoyu Wang , Kui Ren

Every year, criminals launder billions of dollars acquired from serious felonies (e.g., terrorism, drug smuggling, or human trafficking) harming countless people and economies. Cryptocurrencies, in particular, have developed as a haven for…

Machine Learning · Computer Science 2021-10-06 Joana Lorenz , Maria Inês Silva , David Aparício , João Tiago Ascensão , Pedro Bizarro

In recent years, Decentralized Finance (DeFi) grows rapidly due to the development of blockchain technology and smart contracts. As of March 2023, the estimated global cryptocurrency market cap has reached approximately $949 billion.…

Software Engineering · Computer Science 2024-03-05 Zewei Lin , Jiachi Chen , Zibin Zheng , Jiajing Wu , Weizhe Zhang , Yongjuan Wang

Credit exposure in Decentralized Finance (DeFi) is often implicit and token-mediated, creating a dense web of inter-protocol dependencies. Thus, a shock to one token may result in significant and uncontrolled contagion effects. As the DeFi…

Machine Learning · Computer Science 2026-02-05 Aijie Shu , Wenbin Wu , Gbenga Ibikunle , Fengxiang He

Global financial crime activity is driving demand for machine learning solutions in fraud prevention. However, prevention systems are commonly serviced to financial institutions in isolation, and few provisions exist for data sharing due to…

Cryptography and Security · Computer Science 2024-01-08 Iker Perez , Jason Wong , Piotr Skalski , Stuart Burrell , Richard Mortier , Derek McAuley , David Sutton

The integration of bots in Distributed Ledger Technologies (DLTs) fosters efficiency and automation. However, their use is also associated with predatory trading and market manipulation, and can pose threats to system integrity. It is…

Cryptography and Security · Computer Science 2025-01-03 Thomas Niedermayer , Pietro Saggese , Bernhard Haslhofer

Blockchain technology, a foundational distributed ledger system, enables secure and transparent multi-party transactions. Despite its advantages, blockchain networks are susceptible to anomalies and frauds, posing significant risks to their…

Cryptography and Security · Computer Science 2024-02-20 Joerg Osterrieder , Stephen Chan , Jeffrey Chu , Yuanyuan Zhang , Branka Hadji Misheva , Codruta Mare

With the increasing importance of data sharing for collaboration and innovation, it is becoming more important to ensure that data is managed and shared in a secure and trustworthy manner. Data governance is a common approach to managing…

Machine Learning · Computer Science 2025-10-29 Amir Jaberzadeh , Ajay Kumar Shrestha , Faijan Ahamad Khan , Mohammed Afaan Shaikh , Bhargav Dave , Jason Geng

Phishing detection on Ethereum has increasingly leveraged advanced machine learning techniques to identify fraudulent transactions. However, limited attention has been given to understanding the effectiveness of feature selection strategies…

Cryptography and Security · Computer Science 2025-04-28 Ahod Alghuried , Abdulaziz Alghamdi , Ali Alkinoon , Soohyeon Choi , Manar Mohaisen , David Mohaisen

Ethereum and its standardized token interface have formed decentralized finance (DeFi), an open financial system based on blockchain smart contracts. The DeFi ecosystem has become richer with the introduction of DeFi composability projects,…

Computer Science and Game Theory · Computer Science 2022-12-05 HyoungSung Kim , Hyun-Sik Kim , Yong-Suk Park

With the rapid growth of blockchain, an increasing number of users have been attracted and many implementations have been refreshed in different fields. Especially in the cryptocurrency investment field, blockchain technology has shown…

Cryptography and Security · Computer Science 2021-04-20 Shanqing Yu , Jie Jin , Yunyi Xie , Jie Shen , Qi Xuan

Smart contracts are central to a myriad of critical blockchain applications, from financial transactions to supply chain management. However, their adoption is hindered by security vulnerabilities that can result in significant financial…

Cryptography and Security · Computer Science 2025-09-30 Dalila Ressi , Alvise Spanò , Lorenzo Benetollo , Carla Piazza , Michele Bugliesi , Sabina Rossi

Lending protocols in decentralized finance enable the permissionless exchange of capital from lenders to borrowers without relying on a trusted third party for clearing or market-making. Interest rates are set by the supply and demand of…

General Finance · Quantitative Finance 2023-08-17 Lioba Heimbach , Eric Schertenleib , Roger Wattenhofer

This paper presents OVer, a framework designed to automatically analyze the behavior of decentralized finance (DeFi) protocols when subjected to a "skewed" oracle input. OVer firstly performs symbolic analysis on the given contract and…

Software Engineering · Computer Science 2024-01-12 Xun Deng , Sidi Mohamed Beillahi , Cyrus Minwalla , Han Du , Andreas Veneris , Fan Long

Decentralized Finance (DeFi), a financial ecosystem without centralized controlling organization, has introduced a new paradigm for lending and borrowing. However, its capital efficiency remains constrained by the inability to effectively…

Risk Management · Quantitative Finance 2025-03-26 Rik Ghosh , Arka Datta , Vidhi Aggarwal , Sudipan Sinha , Rajdeep Sengupta

The dramatic adoption of Bitcoin and other cryptocurrencies in the USA has revolutionized the financial landscape and provided unprecedented investment and transaction efficiency opportunities. The prime objective of this research project…

As blockchain ecosystems grow, financially motivated attackers increasingly exploit decentralized finance (DeFi) protocols, causing frequent and severe losses. Unlike conventional cyberattacks, DeFi exploits propagate rapidly due to the…

Cryptography and Security · Computer Science 2026-04-30 Bowen Cai , Weiheng Bai , Youshui Lu , Haoran Xu , Yuannan Yang , Yajin Zhou , Kangjie Lu

Machine learning has opened up new tools for financial fraud detection. Using a sample of annotated transactions, a machine learning classification algorithm learns to detect frauds. With growing credit card transaction volumes and rising…

Machine Learning · Computer Science 2022-08-26 Gayan K. Kulatilleke

Blockchain offers a decentralized, immutable, transparent system of records. It offers a peer-to-peer network of nodes with no centralised governing entity making it unhackable and therefore, more secure than the traditional paper-based or…

Cryptography and Security · Computer Science 2019-11-27 Harsh Jot Singh , Abdelhakim Senhaji Hafid

Smart contracts power decentralized financial (DeFi) services but are vulnerable to security exploits that can lead to significant financial losses. Existing security measures often fail to adequately protect these contracts due to the…

Cryptography and Security · Computer Science 2026-04-22 Zhiyang Chen , Sidi Mohamed Beillahi , Pasha Barahimi , Cyrus Minwalla , Han Du , Andreas Veneris , Fan Long
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