AI-Driven Fraud Detection in Cryptocurrency Transactions

Abstract

Fraud prevention in cryptocurrency transactions is paramount because the proportion of fraudulent transactions in this sector is increasing.Artificial intelligence (AI) can increase the ability to identify fraudulent transactions through patterns and irregularities that are hardly noticeable through other approaches.This paper focuses on AI approaches, such as machine learning algorithms, LightGBM, and fraud detection.Some notable works are comparing AI strategies, methods to overcome difficulties when using imbalanced data sets, and the practical utility of these models.