• 반도체디스플레이기술학회지
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• 제22권3호
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• pp.73-77
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• 2023

As the DeFi market continues to expand, fraudulent activities using smart contracts have also increased. HoneyPot and Ponzi schemes are well-known frauds that exploit smart contracts. While several studies have demonstrated the potential to detect smart contracts implementing these scams, there has been a lack of research focusing on simultaneously detecting both types of fraud. This paper addresses this gap by harnessing artificial intelligence to conduct experiments for the detection of both HoneyPot and Ponzi schemes. The study employs the CNN (Convolutional Neural Network) model, commonly used for malware detection. To effectively utilize CNN, the bytecode of smart contracts is transformed into visual representations. The experimental results showcase a recall rate of 0.89 and an F1 score of 0.85, indicating promising detection capabilities.

• The Journal of Asian Finance, Economics and Business
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• 제8권2호
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• pp.981-992
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• 2021

This study identifies the determinants of potential failure of Islamic Peer-to-Peer (P2P) lending in Indonesia, and the mediating effect of Islamic ethics on reducing the potential for failure of Islamic P2P lending. This study uses primary data retrieved through questionnaires from the perspective of 152 stakeholders in Islamic P2P lending. Using a structural equation model (SEM), the study found that indebtedness, financing size, and governance have positive and significant relationships with the potential failure of Islamic P2P lending. This study provides evidence that the customer's internal conditions and the governance structure applied can increase the potential failure of Islamic P2P lending. Further, Islamic ethics is evidently able to partially reduce the potential failure of Islamic P2P lending by lessening risk management exposure, but it fails to address failure through Ponzi scheme exposure. As an implication, this study suggest that Islamic P2P lending must implement Islamic ethics more comprehensively by optimizing the advisory and supervisory role of the shariah board within their overall boards of directors also in their operational activities. Finally, it also adds to the existing knowledge on financial technology literature, particularly on the determinants of potential failure of financial technology from the perspective of stakeholders.