A0847
Title: Empirical analysis of illicit transactions in blockchain networks
Authors: Stephen Chan - American University of Sharjah (United Arab Emirates)
Jeffrey Chu - Renmin University of China (China)
Yuanyuan Zhang - University of Manchester (United Kingdom) [presenting]
Abstract: In the last ten years, over 19 billion dollars have been stolen through breaches and fraud, with Ethereum being one of the most targeted cryptocurrencies, accounting for 33.3 per cent of hacking and fraud cases. The aim is to provide the first empirical analysis that explores the network of Ethereum transactions that are associated with real entities belonging to illicit categories. To examine the Ethereum network topology, a range of network measurements are implemented for characteristics, local network properties, and global network properties. The network analysis will reveal the nature of Ethereum users that use it for illicit transactions.
