Papers for

transaction monitoring services

Papers whose findings have a practical use for this group, as judged from the abstract. Open a paper to read what it means in practice.

Function name sequences enable real-time blockchain attack detection

Function Name Is All You Need to Detect Blockchain Application Attacks

Abstract: Blockchain application attacks, targeting business logic bugs in decentralized applications (dApps), have been an increasing concern to their developers and users, causing significant financial loss. Existing attack detectors either rely on handcrafted rules for detection, or need difficult-to-obtain smart contract source code to analyze attack transactions. This makes them brittle and inapplicable in practice. In this paper, we argue that function name sequences suffice to capture the high-level semantics of a transaction, and hence can be used to detect blockchain application attacks. Our empirical study on transactions from 424 real-world attack incidents shows that 98.46% of call traces can be resolved to function names, whereas only 74.78% invoke contracts with available source code. Based on this observation, we propose TxLucent (pronounced "translucent"), an automated framework to detect blockchain application attacks by extracting application semantics from transaction call traces. TxLucent maps call traces to function name sequences and uses a transformer to learn semantics from such sequences. Consequently, TxLucent can detect attacks without relying on hand-coded patterns or source code. Our results show that TxLucent achieves a 1.56% false negative rate on 424 known incidents with 14,611 attack transactions, and an estimated 0.0017% false positive rate for benign transactions from over 500 million transactions on the Ethereum blockchain. Finally, TxLucent takes an average of 24.90 milliseconds to analyze a transaction, thus supporting real-time attack detection on popular blockchains.

Fri 11 SeptCryptography and Security
The gist
Blockchain apps called decentralized applications (dApps) sometimes have bugs that attackers exploit, causing people to lose money. Detecting these attacks is hard because it often needs special rules or access to the app’s code, which isn’t always available. The authors show that just looking at the names of functions called in a transaction can reveal what the transaction does and catch attacks. They built a tool named TxLucent that uses these function names to detect attacks quickly and accurately without needing the app’s code or manual rules.
Open 2609.12315v1