A Deep Learning Approach for Detecting Security Attacks on Blockchain

In these last years, Blockchain technologies have been widely used in several application fields to improve data privacy and trustworthiness and security of systems. Although the blockchain is a powerful tool, it is not immune to cyber attacks: for instance, recently (January 2019) a successful 51% attack on Ethereum Classic has revealed security vulnerabilities of its platform. Under a statistical perspective, attacks can be seen as an anomalous observation, with a strong deviation from the regular behavior. Machine Learning is a science whose goal is to learn insights, patterns and outliers within large data repositories; hence, it can be exploit for blockchain attack detection. In this work, we define an anomaly detection system based on a encoder-decoder deep learning model, that is trained exploiting aggregate information extracted by monitoring blockchain activities. Experiments on complete historical logs of Ethereum Classic network prove the capability of the our model to effectively detect the publicly reported attacks. To the best of our knowledge, our approach is the first one that provides a comprehensive and feasible solution to monitor the security of blockchain transactions.