A Data Science Approach for Honeypot Detection in Ethereum

Understand

Ethereum smart contracts have recently drawn a considerable amount of attention from the media, the financial industry and academia.

• With the increase in popularity, malicious users found new opportunities to profit by deceiving newcomers.
• Consequently, attackers started luring other attackers into contracts that seem to have exploitable flaws, but that actually contain a complex hidden trap that in the end benefits the contract creator.
• In the blockchain community, these contracts are known as honeypots.