Phishing Detection in Blockchain Transaction Networks Using Ensemble Learning

Abstract

The recent progress in blockchain and wireless communication infrastructures has paved the way for creating blockchain-based systems that protect data integrity and enable secure information sharing. Despite these advancements, concerns regarding security and privacy continue to impede the widespread adoption of blockchain technology, especially when sharing sensitive data. Specific security attacks against blockchains, such as data poisoning attacks, privacy leaks, and a single point of failure, must be addressed to develop efficient blockchain-supported IT infrastructures. This study proposes the use of deep learning methods, including Long Short-Term Memory (LSTM), Bi-directional LSTM (Bi-LSTM), and convolutional neural network LSTM (CNN-LSTM), to detect phishing attacks in a blockchain transaction network. These methods were evaluated on a dataset comprising malicious and benign addresses from the Ethereum blockchain dark list and whitelist dataset, and the results showed an accuracy of 99.72%.