Dynamic Feature Fusion: Combining Global Graph Structures and Local Semantics for Blockchain Fraud Detection

TL;DR

This paper introduces a dynamic feature fusion approach that combines global graph structures and local semantic features to improve blockchain fraud detection, outperforming existing methods in accuracy and robustness.

Contribution

We propose a novel dynamic multimodal fusion model that effectively integrates structural and semantic features for enhanced blockchain fraud detection.

Findings

Outperforms existing benchmarks in accuracy, F1 score, and recall

Effectively captures complex fraud patterns through combined features

Provides a scalable and robust solution for blockchain security

Abstract

The advent of blockchain technology has facilitated the widespread adoption of smart contracts in the financial sector. However, current fraud detection methodologies exhibit limitations in capturing both global structural patterns within transaction networks and local semantic relationships embedded in transaction data. Most existing models focus on either structural information or semantic features individually, leading to suboptimal performance in detecting complex fraud patterns.In this paper, we propose a dynamic feature fusion model that combines graph-based representation learning and semantic feature extraction for blockchain fraud detection. Specifically, we construct global graph representations to model account relationships and extract local contextual features from transaction data. A dynamic multimodal fusion mechanism is introduced to adaptively integrate these features, enabling the model to capture both structural and semantic fraud patterns effectively. We further develop a comprehensive data processing pipeline, including graph construction, temporal feature enhancement, and text preprocessing. Experimental results on large-scale real-world blockchain datasets demonstrate that our method outperforms existing benchmarks across accuracy, F1 score, and recall metrics. This work highlights the importance of integrating structural relationships and semantic similarities for robust fraud detection and offers a scalable solution for securing blockchain systems.