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Ethereum has become a popular blockchain with smart contracts for investors nowadays. Due to the decentralization and anonymity of Ethereum, Ponzi schemes have been easily deployed and caused significant losses to investors. However, there…

Human-Computer Interaction · Computer Science 2023-03-15 Xiaolin Wen , Kim Siang Yeo , Yong Wang , Ling Cheng , Feida Zhu , Min Zhu

Smart contracts, self-executing agreements directly encoded in code, are fundamental to blockchain technology, especially in decentralized finance (DeFi) and Web3. However, the rise of Ponzi schemes in smart contracts poses significant…

Cryptography and Security · Computer Science 2024-12-19 Cong Wu , Jing Chen , Ziwei Wang , Ruichao Liang , Ruiying Du

Ponzi schemes, a form of scam, have been discovered in Ethereum smart contracts in recent years, causing massive financial losses. Existing detection methods primarily focus on rule-based approaches and machine learning techniques that…

Software Engineering · Computer Science 2024-06-04 Ruichao Liang , Jing Chen , Cong Wu , Kun He , Yueming Wu , Weisong Sun , Ruiying Du , Qingchuan Zhao , Yang Liu

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.…

Cryptography and Security · Computer Science 2024-04-19 Letterio Galletta , Fabio Pinelli

A smart Ponzi scheme is a new form of economic crime that uses Ethereum smart contract account and cryptocurrency to implement Ponzi scheme. The smart Ponzi scheme has harmed the interests of many investors, but researches on smart Ponzi…

Machine Learning · Computer Science 2021-08-24 Yuzhi Liang , Weijing Wu , Kai Lei , Feiyang Wang

The Ponzi scheme, an old-fashioned fraud, is now popular on the Ethereum blockchain, causing considerable financial losses to many crypto investors. A few Ponzi detection methods have been proposed in the literature, most of which detect a…

Cryptography and Security · Computer Science 2024-07-19 Phuong Duy Huynh , Son Hoang Dau , Xiaodong Li , Phuc Luong , Emanuele Viterbo

The rapid advancement of blockchain technology has precipitated the widespread adoption of Ethereum and smart contracts across a variety of sectors. However, this has also given rise to numerous fraudulent activities, with many speculators…

Cryptography and Security · Computer Science 2026-02-02 Chunyi Zhang , Qinghong Wei , Xiaoqi Li

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

As blockchain technology becomes more and more popular, a typical financial scam, the Ponzi scheme, has also emerged in the blockchain platform Ethereum. This Ponzi scheme deployed through smart contracts, also known as the smart Ponzi…

Software Engineering · Computer Science 2024-03-01 Pengcheng Lu , Liang Cai , Keting Yin

Smart contracts are the fundamental components of blockchain technology. They are programs to determine cryptocurrency transactions, and are irreversible once deployed, making it crucial for cryptocurrency investors to understand the…

Human-Computer Interaction · Computer Science 2024-12-25 Xiaolin Wen , Tai D. Nguyen , Lun Zhang , Jun Sun , Yong Wang

Blockchain technology supports the generation and record of transactions, and maintains the fairness and openness of the cryptocurrency system. However, many fraudsters utilize smart contracts to create fraudulent Ponzi schemes for…

Cryptography and Security · Computer Science 2022-06-17 Jie Jin , Jiajun Zhou , Chengxiang Jin , Shanqing Yu , Ziwan Zheng , Qi Xuan

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

With the widespread adoption of Ethereum, financial frauds such as Ponzi schemes have become increasingly rampant in the blockchain ecosystem, posing significant threats to the security of account assets. Existing Ethereum fraud detection…

Cryptography and Security · Computer Science 2025-03-28 Junhao Wu , Yixin Yang , Chengxiang Jin , Silu Mu , Xiaolei Qian , Jiajun Zhou , Shanqing Yu , Qi Xuan

Smart contract is the building block of blockchain systems that enables automated peer-to-peer transactions and decentralized services. With the increasing popularity of smart contracts, blockchain systems, in particular Ethereum, have been…

Cryptography and Security · Computer Science 2021-05-24 Huiwen Hu , Yuedong Xu

The rapid evolution of digital currency trading, fueled by the integration of blockchain technology, has led to both innovation and the emergence of smart Ponzi schemes. A smart Ponzi scheme is a fraudulent investment operation in smart…

Cryptography and Security · Computer Science 2025-07-24 Weijia Yang , Tian Lan , Leyuan Liu , Wei Chen , Tianqing Zhu , Sheng Wen , Xiaosong Zhang

With the escalating prevalence of malicious activities exploiting vulnerabilities in blockchain systems, there is an urgent requirement for robust attack detection mechanisms. To address this challenge, this paper presents a novel…

With the increase of the adoption of blockchain technology in providing decentralized solutions to various problems, smart contracts have become more popular to the point that billions of US Dollars are currently exchanged every day through…

Cryptography and Security · Computer Science 2023-01-24 Feng Mi , Chen Zhao , Zhuoyi Wang , Sadaf MD Halim , Xiaodi Li , Zhouxiang Wu , Latifur Khan , Bhavani Thuraisingham

Smart contracts have transformed decentralized finance by enabling programmable, trustless transactions. However, their widespread adoption and growing financial significance have attracted persistent and sophisticated threats, such as…

Cryptography and Security · Computer Science 2025-08-13 Pasquale De Rosa , Pascal Felber , Valerio Schiavoni

Smart contracts are Turing-complete programs that are executed across a blockchain. Unlike traditional programs, once deployed, they cannot be modified. As smart contracts carry more value, they become more of an exciting target for…

Cryptography and Security · Computer Science 2021-03-11 Christof Ferreira Torres , Antonio Ken Iannillo , Arthur Gervais , Radu State

While blockchain technology triggers new industrial and technological revolutions, it also brings new challenges. Recently, a large number of new scams with a "blockchain" sock-puppet continue to emerge, such as Ponzi schemes, money…

Cryptography and Security · Computer Science 2022-04-20 Chengxiang Jin , Jie Jin , Jiajun Zhou , Jiajing Wu , Qi Xuan
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