Research

SMART CONTRACTS

Development of Domain-Specific Languages for smart contracts

SECURITY

Security analysis of smart contracts and blockchain-based applications

FRAUD ANALYSIS

Blockchain-based monetary fraud analysis and detection

DATA ANALYTICS

Custom data analysis on blockchain (de-anonymisation, attack patterns, ...)

DEVELOPMENT

Design and development of blockchain-based applications (on Bitcoin, Ethereum, ...)

CONSULTANCY

Business consultancy on blockchain technologies and cyber-security

Selected Publications
Full list of papers

Dissecting Ponzi schemes on Ethereum: identification, analysis, and impact

M. Bartoletti, S. Carta, T. Cimoli, R. Saia.

To be presented at P2PFISY, 2017

Ponzi schemes are financial frauds where, under the promise of high profits, users put their money, recovering their investment and interests only if enough users after them continue to invest money. Originated in the offline world 150 years ago, Ponzi schemes have since then migrated to the digital world, approaching first on the Web, and more recently hanging over cryptocurrencies like Bitcoin. Smart contract platforms like Ethereum have provided a new opportunity for scammers, who have now the possibility of creating “trustworthy” frauds that still make users lose money, but at least are guaranteed to execute "correctly". We present a comprehensive survey of Ponzi schemes on Ethereum, analysing their behaviour and their impact from various viewpoints. Perhaps surprisingly, we identify a remarkably high number of Ponzi schemes, despite the hosting platform has been operating for less than two years.